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

SigmaTron International, Inc. (NASDAQ:SGMA) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 23,900 shares, an increase of 31.3% from the May 31st total of 18,200 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is presently 0.9 days.

SigmaTron International Trading Up 3.7 %

SigmaTron International stock opened at $5.59 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.69 and a current ratio of 2.28. The business’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $3.89. The firm has a market capitalization of $34.04 million, a PE ratio of 31.06 and a beta of 0.87. SigmaTron International has a 52 week low of $2.61 and a 52 week high of $7.89.

Hedge Funds Weigh In On SigmaTron International

A number of institutional investors have recently made changes to their positions in SGMA. Bailard Inc. bought a new position in shares of SigmaTron International in the fourth quarter worth about $64,000. Catalytic Wealth RIA LLC bought a new position in shares of SigmaTron International in the fourth quarter worth about $292,000. Finally, Inspire Advisors LLC bought a new position in shares of SigmaTron International in the first quarter worth about $46,000. 23.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on SigmaTron International in a report on Thursday, June 20th. They set a “strong-buy” rating on the stock.

SigmaTron International Company Profile

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.