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

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a large 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. Based on an average trading volume of 43,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of SigmaTron International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after purchasing an additional 50,858 shares during the last quarter. Virtu Financial LLC purchased a new position in SigmaTron International in the 4th quarter worth $36,000. Finally, TCW Group Inc. purchased a new position in SigmaTron International in the 4th quarter worth $154,000. Hedge funds and other institutional investors own 23.85% of the company’s stock.

SigmaTron International Stock Down 1.0 %

NASDAQ SGMA traded down $0.01 during midday trading on Friday, hitting $1.04. 68,779 shares of the company traded hands, compared to its average volume of 39,234. 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 company has a market cap of $6.36 million, a PE ratio of -0.41 and a beta of 0.92. The company’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $2.24. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47.

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

Wall Street Analyst Weigh In

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