Short interest in SigmaTron International, Inc. (NASDAQ:SGMA) up 42.0%

SigmaTron International, Inc. (NASDAQ:SGMA – Get Free Report ) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 24,700 shares, an increase of 42.0% from its August 31st total of 17,400 shares. Based on an average daily volume of 53,100 shares, the short interest rate is currently 0.5 days.

Institutional investors weigh in on SigmaTron International

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in SigmaTron International by 5.9% in the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after purchasing an additional 7,800 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in SigmaTron International in the second quarter valued at about $58,000. Dimensional Fund Advisors LP boosted its holdings in shares of SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after purchasing an additional 11,070 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of SigmaTron International in the 1st quarter worth about $46,000. Finally, Catalytic Wealth RIA LLC bought a new stake in SigmaTron International in the fourth quarter valued at about $292,000. 23.85% of the shares are held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

Separately, StockNews.com downgraded shares of SigmaTron International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

See our latest report on SGMA

SigmaTron International Trading Down 2.1%

Shares of SigmaTron International stock traded up $0.06 on Friday, reaching $2.74. The company had a trading volume of 32,748 shares, compared to its average volume of 32,527. The firm has a market cap of $16.77 million, a PE ratio of 15.22 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36, and a current ratio of 1.15. SigmaTron International has a 52 week low of $2.27 and a 52 week high of $6.47. The company’s 50-day moving average price is $3.13, and its two-hundred-day moving average price is $4.07.

SigmaTron International (NASDAQ:SGMA – Get Free Report ) last announced its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.55) EPS for the quarter. The business had revenue of $81.14 million for the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%.

About SigmaTron International

(Get a free report)

SigmaTron International, Inc operates as an independent Electronic Manufacturing Services (EMS) provider. Its EMS services include printed circuit board assemblies, electro-mechanical sub-assemblies and fully assembled electronic products (box construction). The company also offers automated and manual product assembly and testing; material procurement and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting and assistance in obtaining product approval from government and other regulatory bodies.

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