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

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 16,900 shares, a growth of 106.1% from the February 13th total of 8,200 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 43,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On SigmaTron International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of SigmaTron International during the fourth quarter valued at approximately $36,000. Renaissance Technologies LLC grew its stake 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 valued at $356,000 after buying an additional 50,858 shares during the last quarter. Finally, TCW Group Inc. bought a new position in shares of SigmaTron International during the fourth quarter valued at approximately $154,000. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on SigmaTron International in a research report on Friday. They issued a “hold” rating on the stock.

SigmaTron International Price Performance

Shares of NASDAQ:SGMA traded down $0.01 during mid-day trading on Friday, reaching $1.04. The stock had a trading volume of 68,779 shares, compared to its average volume of 39,234. 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 company has a market cap of $6.36 million, a P/E ratio of -0.41 and a beta of 0.92. SigmaTron International has a 1 year low of $0.99 and a 1 year high of $6.47. The business’s 50 day moving average price is $1.53 and its 200 day moving average price is $2.24.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, March 14th. The technology company reported $0.63 EPS for the quarter. The company had revenue of $71.07 million for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. During the same quarter in the prior year, the firm posted $0.10 earnings per share.

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.