Sonder Holdings Inc. (NASDAQ:SOND) Sees Significant Growth in Short Interest

Sonder Holdings Inc. (NASDAQ:SOND) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,200,000 shares, an increase of 20.5% from the March 15th total of 996,200 shares. Based on an average trading volume of 36,100 shares, the short-interest ratio is presently 33.2 days. Currently, 15.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Sonder

Large investors have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new position in shares of Sonder during the 4th quarter valued at approximately $54,000. Northern Trust Corp raised its position in shares of Sonder by 44.7% during the 4th quarter. Northern Trust Corp now owns 43,492 shares of the company’s stock valued at $138,000 after buying an additional 13,445 shares in the last quarter. State Street Corp lifted its holdings in shares of Sonder by 28.6% in the 3rd quarter. State Street Corp now owns 36,019 shares of the company’s stock valued at $169,000 after acquiring an additional 8,000 shares during the last quarter. Geode Capital Management LLC grew its position in Sonder by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 106,039 shares of the company’s stock worth $337,000 after acquiring an additional 3,897 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its stake in Sonder by 244.8% during the fourth quarter. Polar Asset Management Partners Inc. now owns 5,000,000 shares of the company’s stock worth $15,900,000 after acquiring an additional 3,550,000 shares during the last quarter. 45.94% of the stock is owned by institutional investors.

Sonder Price Performance

Shares of NASDAQ SOND opened at $2.34 on Tuesday. The firm has a fifty day moving average price of $2.37 and a 200-day moving average price of $3.03. The stock has a market cap of $25.89 million, a PE ratio of -0.08 and a beta of 1.85. Sonder has a 1 year low of $0.88 and a 1 year high of $10.50.

Sonder (NASDAQ:SOND) last issued its earnings results on Wednesday, February 12th. The company reported ($17.82) earnings per share (EPS) for the quarter.

About Sonder

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.