Short Interest in SigmaTron International (NASDAQ:SGMA) Drops By 32.6%

SigmaTron International (NASDAQ:SGMA) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 12,800 shares, a decrease of 32.6% from the September 15th total of 19,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 45,700 shares, the days-to-cover ratio is presently 0.3 days.

An institutional investor recently bought a new position in SigmaTron International stock. RBF Capital LLC acquired a new position in SigmaTron International (NASDAQ:SGMA) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,141 shares of the technology company’s stock, valued at approximately $48,000. RBF Capital LLC owned approximately 0.33% of SigmaTron International at the end of the most recent reporting period. 20.79% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:SGMA opened at $3.64 on Friday. The firm has a market capitalization of $15.44 million, a PE ratio of -18.20 and a beta of 1.12. The stock has a 50 day moving average of $3.13 and a 200-day moving average of $3.13. SigmaTron International has a 52 week low of $2.13 and a 52 week high of $5.67. The company has a current ratio of 1.86, a quick ratio of 0.62 and a debt-to-equity ratio of 0.78.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Wednesday, September 9th. The technology company reported ($0.21) EPS for the quarter. The company had revenue of $60.53 million for the quarter. SigmaTron International had a negative net margin of 0.31% and a negative return on equity of 1.39%.

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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