Short Interest in SigmaTron International, Inc. (NASDAQ:SGMA) Decreases By 74.1%

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 290,300 shares, a decrease of 74.1% from the December 15th total of 1,120,000 shares. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.6% of the shares of the stock are sold short.

In other news, VP John P. Sheehan sold 4,017 shares of the company’s stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $12.02, for a total value of $48,284.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda K. Frauendorfer sold 3,233 shares of the company’s stock in a transaction dated Thursday, December 23rd. The stock was sold at an average price of $11.80, for a total value of $38,149.40. The disclosure for this sale can be found here. Insiders sold a total of 12,165 shares of company stock valued at $142,121 over the last quarter. Company insiders own 12.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of SigmaTron International in the 2nd quarter valued at about $56,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of SigmaTron International in the 3rd quarter valued at about $91,000. Goldman Sachs Group Inc. bought a new stake in shares of SigmaTron International in the 3rd quarter valued at about $92,000. Citadel Advisors LLC lifted its stake in shares of SigmaTron International by 21.4% in the 2nd quarter. Citadel Advisors LLC now owns 21,025 shares of the technology company’s stock valued at $105,000 after acquiring an additional 3,701 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of SigmaTron International by 14.8% in the 3rd quarter. Geode Capital Management LLC now owns 13,156 shares of the technology company’s stock valued at $116,000 after acquiring an additional 1,693 shares during the last quarter. 22.14% of the stock is owned by institutional investors.

NASDAQ SGMA opened at $8.64 on Friday. SigmaTron International has a 1-year low of $4.58 and a 1-year high of $17.30. The company has a current ratio of 1.75, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $9.78 and a 200-day moving average of $8.14. The firm has a market cap of $37.79 million, a PE ratio of 2.76 and a beta of 1.05.

About SigmaTron International

SigmaTron International, Inc engages in the provision of electronic manufacturing services. The firm also manufactures printed circuit board assemblies and assembled electronic products. It offers automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; design services, warehousing and distribution service; and assistance in obtaining product approval from governmental and other regulatory bodies.

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