SigmaTron International (NASDAQ:SGMA) Short Interest Update

SigmaTron International (NASDAQ:SGMA) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 64,700 shares, a decline of 53.5% from the July 31st total of 139,000 shares. Based on an average daily trading volume, of 50,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the company’s stock are sold short.

Shares of SGMA stock traded down $0.09 on Friday, reaching $4.17. 22 shares of the company’s stock traded hands, compared to its average volume of 23,712. SigmaTron International has a 12-month low of $2.18 and a 12-month high of $6.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.68 and a current ratio of 2.22. The business’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $3.11.

SigmaTron International (NASDAQ:SGMA) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.23 earnings per share for the quarter. SigmaTron International had a negative return on equity of 1.50% and a negative net margin of 0.30%. The business had revenue of $73.29 million for the quarter.

Separately, ValuEngine upgraded SigmaTron International from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

An institutional investor recently raised its position in SigmaTron International stock. Deutsche Bank AG raised its position in SigmaTron International (NASDAQ:SGMA) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,600 shares of the technology company’s stock after purchasing an additional 11,800 shares during the quarter. Deutsche Bank AG owned approximately 0.82% of SigmaTron International worth $81,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.22% of the company’s stock.

SigmaTron International Company Profile

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include the production of printed circuit board assemblies 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; and assistance in obtaining product approval from governmental and other regulatory bodies.

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