SigmaTron International, Inc. (NASDAQ:SGMA) Sees Large Decline in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 33,700 shares, a drop 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 currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SigmaTron International stock. Dimensional Fund Advisors LP boosted its stake in SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,124 shares of the technology company’s stock after acquiring an additional 11,070 shares during the period. Dimensional Fund Advisors LP owned 0.87% of SigmaTron International worth $297,000 as of its most recent filing with the SEC. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

SigmaTron International Stock Down 0.6 %

Shares of SGMA traded down $0.01 during trading hours on Tuesday, reaching $1.65. 6,992 shares of the stock traded hands, compared to its average volume of 35,486. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $2.28 and a 200 day simple moving average of $3.06. SigmaTron International has a 52 week low of $1.50 and a 52 week high of $6.47. The company has a market cap of $10.10 million, a price-to-earnings ratio of -1.67 and a beta of 0.95.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of SigmaTron International in a report on Thursday, January 9th. They set a “hold” rating for the company.

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.