Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Up 37.1% in December

Sangoma Technologies Co. (NASDAQ:SANG) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 12,200 shares, a growth of 37.1% from the December 15th total of 8,900 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.1% of the company’s stock are sold short.

Sangoma Technologies Stock Up 0.3 %

NASDAQ:SANG traded up $0.02 during trading hours on Friday, reaching $7.37. The company’s stock had a trading volume of 25,908 shares, compared to its average volume of 7,792. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.68. The company has a market cap of $245.72 million, a price-to-earnings ratio of -29.48 and a beta of 1.36. The business’s 50-day moving average is $6.63 and its 200-day moving average is $5.83. Sangoma Technologies has a one year low of $2.50 and a one year high of $7.65.

Institutional Investors Weigh In On Sangoma Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SANG. Intact Investment Management Inc. bought a new position in shares of Sangoma Technologies in the third quarter valued at approximately $1,587,000. Acadian Asset Management LLC acquired a new position in Sangoma Technologies in the 2nd quarter valued at $188,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Sangoma Technologies by 28.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock valued at $808,000 after buying an additional 32,000 shares during the last quarter. National Bank of Canada FI raised its holdings in Sangoma Technologies by 13.2% in the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock worth $398,000 after acquiring an additional 8,439 shares during the period. Finally, Bard Associates Inc. lifted its position in Sangoma Technologies by 8.8% during the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock worth $474,000 after acquiring an additional 7,141 shares during the last quarter. 39.65% of the stock is currently owned by institutional investors and hedge funds.

About Sangoma Technologies

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.