Short Interest in Sangoma Technologies Co. (NASDAQ:SANG) Decreases By 15.6%

Sangoma Technologies Co. (NASDAQ:SANG) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 5,400 shares, a decrease of 15.6% from the January 31st total of 6,400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Sangoma Technologies

Several large investors have recently modified their holdings of SANG. Intact Investment Management Inc. purchased a new position in Sangoma Technologies during the third quarter worth approximately $1,587,000. Alberta Investment Management Corp grew its stake in Sangoma Technologies by 11.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company’s stock worth $8,373,000 after purchasing an additional 127,808 shares in the last quarter. National Bank of Canada FI grew its stake in Sangoma Technologies by 13.2% in the third quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock worth $398,000 after purchasing an additional 8,439 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Sangoma Technologies by 28.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock worth $808,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Bard Associates Inc. grew its stake in Sangoma Technologies by 2.3% in the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company’s stock worth $644,000 after purchasing an additional 2,044 shares in the last quarter. 39.65% of the stock is currently owned by institutional investors and hedge funds.

Sangoma Technologies Price Performance

Shares of NASDAQ:SANG opened at $5.00 on Friday. The company has a 50-day simple moving average of $6.70 and a 200-day simple moving average of $6.21. Sangoma Technologies has a one year low of $3.92 and a one year high of $7.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.86. The stock has a market capitalization of $166.70 million, a price-to-earnings ratio of -23.81 and a beta of 1.35.

Sangoma Technologies (NASDAQ:SANG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same quarter last year, the business earned ($0.10) EPS. On average, analysts predict that Sangoma Technologies will post -0.18 EPS for the current year.

About Sangoma Technologies

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.