SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Update

SigmaTron International, Inc. (NASDAQ:SGMA) saw a significant growth in short interest during 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 volume of 45,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On SigmaTron International

Several hedge funds and other institutional investors have recently made changes to their positions in SGMA. TCW Group Inc. purchased a new position in shares of SigmaTron International during the 4th quarter worth about $154,000. Virtu Financial LLC purchased a new stake in SigmaTron International in the fourth quarter worth $36,000. Finally, Renaissance Technologies LLC lifted its position in shares of 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 purchasing an additional 50,858 shares during the last quarter. Hedge funds and other institutional investors own 23.85% of the company’s stock.

Wall Street Analyst Weigh In

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

SigmaTron International Price Performance

NASDAQ SGMA remained flat at $1.29 during trading hours on Wednesday. The company’s stock had a trading volume of 9,829 shares, compared to its average volume of 38,098. SigmaTron International has a 52 week low of $1.28 and a 52 week high of $6.47. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $1.62 and a 200-day moving average price of $2.35. The stock has a market capitalization of $7.89 million, a PE ratio of -0.51 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 for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%.

About SigmaTron International

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.