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 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 daily trading volume, of 43,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

SigmaTron International Price Performance

Shares of SGMA opened at $1.04 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The stock has a 50 day simple moving average of $1.53 and a 200 day simple moving average of $2.23. SigmaTron International has a 52-week low of $0.99 and a 52-week high of $6.47. The firm has a market capitalization of $6.36 million, a PE ratio of -0.41 and a beta of 0.92.

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

Hedge Funds Weigh In On SigmaTron International

Several institutional investors and hedge funds have recently modified their holdings of SGMA. Virtu Financial LLC acquired a new position in SigmaTron International during the 4th quarter worth approximately $36,000. Renaissance Technologies LLC boosted its position in SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after acquiring an additional 50,858 shares during the last quarter. Finally, TCW Group Inc. acquired a new position in SigmaTron International during the 4th quarter worth approximately $154,000. 23.85% of the stock is currently owned by institutional investors and hedge funds.

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.