SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Update

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 42,100 shares, an increase of 343.2% from the March 15th total of 9,500 shares. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on SigmaTron International in a research note on Tuesday. They issued a “hold” rating on the stock.

SigmaTron International Stock Up 6.5 %

SGMA opened at $1.14 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.98. The company has a market cap of $6.98 million, a P/E ratio of -0.45 and a beta of 0.93. SigmaTron International has a 12 month low of $0.99 and a 12 month high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in SigmaTron International in the fourth quarter worth $36,000. TCW Group Inc. bought a new position in SigmaTron International in the fourth quarter worth about $154,000. Finally, 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 valued at $356,000 after acquiring an additional 50,858 shares in the last quarter. Hedge funds and other institutional investors own 23.85% of the company’s stock.

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.