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

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 8,200 shares, an increase of 36.7% from the January 31st total of 6,000 shares. Based on an average daily volume of 45,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On SigmaTron International

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of SigmaTron International in a research note on Wednesday, February 26th. They set a “hold” rating on the stock.

SigmaTron International Stock Performance

SigmaTron International stock opened at $1.29 on Thursday. SigmaTron International has a 12-month low of $1.27 and a 12-month high of $6.47. The company has a market capitalization of $7.89 million, a price-to-earnings ratio of -0.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The firm’s fifty day moving average price is $1.62 and its 200 day moving average price is $2.34.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) 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%.

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.