Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Update

Sangoma Technologies Co. (NASDAQ:SANG) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,900 shares, a decrease of 31.0% from the August 15th total of 7,100 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the shares of the company are sold short.

Sangoma Technologies Price Performance

Shares of SANG stock traded down $0.09 during mid-day trading on Friday, hitting $5.20. 2,243 shares of the stock were exchanged, compared to its average volume of 6,395. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.30. Sangoma Technologies has a 52-week low of $2.18 and a 52-week high of $6.40. The firm has a fifty day moving average of $5.14 and a 200 day moving average of $4.92. The company has a market cap of $124.35 million, a PE ratio of -5.59 and a beta of 1.47.

Hedge Funds Weigh In On Sangoma Technologies

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Sangoma Technologies during the 2nd quarter worth approximately $188,000. Unique Wealth LLC purchased a new position in Sangoma Technologies during the second quarter valued at $427,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Sangoma Technologies in the first quarter valued at about $765,000. Toronto Dominion Bank increased its stake in shares of Sangoma Technologies by 1.3% during the second quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock worth $2,471,000 after purchasing an additional 6,243 shares in the last quarter. Finally, PenderFund Capital Management Ltd. increased its stake in shares of Sangoma Technologies by 6.8% during the fourth quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company’s stock worth $10,586,000 after purchasing an additional 210,300 shares in the last quarter. Hedge funds and other institutional investors own 39.65% of the company’s stock.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.