Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Update

Sangoma Technologies Co. (NASDAQ:SANG) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,800 shares, an increase of 62.5% from the March 15th total of 4,800 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Sangoma Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SANG. Alberta Investment Management Corp grew its stake in shares of Sangoma Technologies by 11.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company’s stock valued at $8,373,000 after purchasing an additional 127,808 shares during the period. Bard Associates Inc. lifted its holdings in shares of Sangoma Technologies by 2.3% during the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company’s stock valued at $644,000 after acquiring an additional 2,044 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Sangoma Technologies by 47.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,533 shares of the company’s stock valued at $1,497,000 after purchasing an additional 69,700 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sangoma Technologies by 375.6% in the 4th quarter. JPMorgan Chase & Co. now owns 19,500 shares of the company’s stock worth $135,000 after purchasing an additional 15,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Sangoma Technologies by 1,171.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 142,879 shares of the company’s stock valued at $993,000 after buying an additional 131,638 shares in the last quarter. Institutional investors own 39.65% of the company’s stock.

Sangoma Technologies Trading Up 4.1 %

Shares of SANG stock opened at $4.80 on Thursday. The firm has a market capitalization of $161.25 million, a P/E ratio of -22.86 and a beta of 1.45. Sangoma Technologies has a 1 year low of $4.04 and a 1 year high of $7.99. The firm’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $6.00. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.

Sangoma Technologies (NASDAQ:SANG) last released its earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts predict that Sangoma Technologies will post -0.18 EPS for the current year.

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.