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

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

SigmaTron International Stock Performance

Shares of NASDAQ SGMA traded down $0.01 during mid-day trading on Friday, reaching $1.04. 68,778 shares of the company’s stock were exchanged, compared to its average volume of 39,209. The firm has a market capitalization of $6.36 million, a price-to-earnings ratio of -0.41 and a beta of 0.92. The firm has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $2.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. SigmaTron International has a 52 week low of $1.00 and a 52 week high of $6.47.

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

Hedge Funds Weigh In On SigmaTron International

Several institutional investors have recently bought and sold shares of SGMA. TCW Group Inc. bought a new stake in shares of SigmaTron International in the fourth quarter valued at $154,000. Virtu Financial LLC bought a new stake in SigmaTron International in the 4th quarter valued at about $36,000. Finally, Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 50,858 shares during the last quarter. Hedge funds and other institutional investors own 23.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.