Short Interest in SigmaTron International, Inc. (NASDAQ:SGMA) Decreases By 54.3%

SigmaTron International, Inc. (NASDAQ:SGMA) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 33,700 shares, a decline of 54.3% from the December 15th total of 73,800 shares. Based on an average daily trading volume, of 46,900 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of SigmaTron International in a research note on Thursday, January 9th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On SigmaTron International

An institutional investor recently raised its position in SigmaTron International stock. Renaissance Technologies LLC boosted its holdings in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,887 shares of the technology company’s stock after acquiring an additional 7,800 shares during the period. Renaissance Technologies LLC owned about 2.30% of SigmaTron International worth $782,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.85% of the company’s stock.

SigmaTron International Price Performance

SGMA stock traded down $0.06 during trading on Thursday, reaching $1.70. 33,250 shares of the company were exchanged, compared to its average volume of 36,885. The stock’s 50 day moving average price is $2.20 and its 200 day moving average price is $3.01. SigmaTron International has a 52-week low of $1.50 and a 52-week high of $6.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The company has a market cap of $10.40 million, a P/E ratio of -0.67 and a beta of 0.95.

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