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

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 8,200 shares, a growth of 36.7% from the January 31st total of 6,000 shares. Based on an average daily trading volume, of 45,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of SigmaTron International

A number of institutional investors and hedge funds have recently made changes to their positions in SGMA. TCW Group Inc. acquired a new position in SigmaTron International in the fourth quarter valued at $154,000. Renaissance Technologies LLC increased its stake in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after acquiring an additional 50,858 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of SigmaTron International in the 4th quarter worth about $36,000. 23.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on SigmaTron International in a research report on Wednesday, February 26th. They issued a “hold” rating for the company.

SigmaTron International Stock Down 2.2 %

SGMA opened at $1.34 on Tuesday. SigmaTron International has a 12 month low of $1.30 and a 12 month high of $6.47. The business has a 50-day moving average of $1.63 and a two-hundred day moving average of $2.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The stock has a market capitalization of $8.20 million, a price-to-earnings ratio of -0.53 and a beta of 0.94.

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

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.