SigmaTron International, Inc. (NASDAQ:SGMA) Sees Significant Decline in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 6,000 shares, a drop of 69.2% from the January 15th total of 19,500 shares. Based on an average daily trading volume, of 46,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of SigmaTron International in a research report on Monday. They issued a “hold” rating for the company.

SigmaTron International Stock Up 4.4 %

NASDAQ:SGMA traded up $0.07 during trading hours on Wednesday, hitting $1.60. The stock had a trading volume of 32,019 shares, compared to its average volume of 26,029. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. SigmaTron International has a 1-year low of $1.50 and a 1-year high of $6.47. The business has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $2.51. The company has a market cap of $9.79 million, a PE ratio of -0.63 and a beta of 0.94.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%.

Institutional Trading of SigmaTron International

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of SigmaTron International during the fourth quarter worth approximately $36,000. Dimensional Fund Advisors LP grew its position in shares of SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after buying an additional 11,070 shares in the last quarter. Finally, TCW Group Inc. acquired a new stake in shares of SigmaTron International during the fourth quarter worth approximately $154,000. Institutional investors and hedge funds own 23.85% of the company’s stock.

SigmaTron International Company Profile

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies, electro-mechanical subassemblies, and completely assembled (box-build) electronic products. The company also offers automatic and manual assembly and testing of products; material sourcing and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting, and assistance in obtaining product approval from governmental and other regulatory bodies.