Sono Group N.V. (NASDAQ:SSM) Stock Short Interest Rises 66.3%
by Michael Walen · The Markets DailySono Group N.V. (NASDAQ:SSM – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 46,127 shares, an increase of 66.3% from the August 31st total of 27,729 shares. Based on an average daily trading volume, of 3,692,180 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Sono Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on Sono Group
Sono Group Trading Up 1.8%
SSM traded up $0.02 during trading on Wednesday, hitting $1.15. 60,264 shares of the company’s stock traded hands, compared to its average volume of 544,753. The company has a market cap of $1.63 million, a price-to-earnings ratio of -0.22 and a beta of 9.46. Sono Group has a 12-month low of $1.05 and a 12-month high of $10.54.
Sono Group (NASDAQ:SSM – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($1.59) EPS for the quarter. Sono Group had a negative return on equity of 50.42% and a net margin of 2,204.17%.
Insider Buying and Selling
In other Sono Group news, major shareholder 255 V. V Ug Haftungsbes Bambino sold 20,091 shares of Sono Group stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $3.24, for a total value of $65,094.84. Following the completion of the sale, the insider owned 157,326 shares in the company, valued at $509,736.24. The trade was a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 35,501 shares of company stock worth $118,426 over the last 90 days. 19.00% of the stock is currently owned by company insiders.
Sono Group Company Profile
Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its subsidiary Sono Motors GmbH, the company developed the Sion, a battery-electric passenger vehicle designed to integrate solar cells into its body to supplement power from conventional charging.
In addition to pursuing its own vehicle program, Sono Group developed solar integration technology intended for use in buses, trucks, vans and other commercial vehicles.