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

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

Hedge Funds Weigh In On SigmaTron International

Several hedge funds have recently bought and sold shares of SGMA. Renaissance Technologies LLC boosted 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 buying an additional 50,858 shares in the last quarter. Virtu Financial LLC acquired a new position in SigmaTron International during the fourth quarter worth about $36,000. Finally, TCW Group Inc. purchased a new stake in shares of SigmaTron International in the fourth quarter valued at about $154,000. 23.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

SigmaTron International Stock Performance

NASDAQ:SGMA opened at $1.34 on Tuesday. The firm’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $2.36. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market cap of $8.20 million, a PE ratio of -0.53 and a beta of 0.94. SigmaTron International has a fifty-two week low of $1.30 and a fifty-two week high of $6.47.

SigmaTron International (NASDAQ:SGMA) last issued its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%.

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.