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

SigmaTron International, Inc. (NASDAQ:SGMA) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 42,100 shares, a growth of 343.2% from the March 15th total of 9,500 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 37,100 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On SigmaTron International

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of SigmaTron International in a report on Tuesday. They set a “hold” rating for the company.

SigmaTron International Price Performance

SigmaTron International stock opened at $1.14 on Tuesday. The business’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.98. SigmaTron International has a 12 month low of $0.99 and a 12 month high of $6.47. The company has a market cap of $6.98 million, a price-to-earnings ratio of -0.45 and a beta of 0.93. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09.

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