SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Up 343.2% in March

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a large 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 trading volume of 37,100 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of SigmaTron International in a report on Tuesday. They set a “hold” rating for the company.

Institutional Trading of SigmaTron International

Several large investors have recently added to or reduced their stakes in the stock. TCW Group Inc. bought a new position in SigmaTron International in the 4th quarter worth $154,000. Virtu Financial LLC purchased a new position in shares of SigmaTron International during the fourth quarter valued at about $36,000. Finally, Renaissance Technologies LLC increased its position in shares of SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after buying an additional 50,858 shares during the period. Institutional investors own 23.85% of the company’s stock.

SigmaTron International Stock Performance

Shares of NASDAQ:SGMA opened at $0.99 on Thursday. 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 company has a 50-day moving average price of $1.28 and a 200-day moving average price of $1.97. The company has a market cap of $6.07 million, a price-to-earnings ratio of -0.39 and a beta of 0.93. SigmaTron International has a 12 month low of $0.96 and a 12 month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 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%. The business had revenue of $71.07 million during the quarter. During the same quarter last year, the business posted $0.10 EPS.

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.