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

Sangoma Technologies Co. (NASDAQ:SANG) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 6,400 shares, a drop of 54.9% from the January 15th total of 14,200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is presently 0.6 days.

Sangoma Technologies Stock Performance

Sangoma Technologies stock traded down $0.04 during trading hours on Thursday, reaching $6.29. 8,144 shares of the company were exchanged, compared to its average volume of 11,784. Sangoma Technologies has a 12 month low of $3.64 and a 12 month high of $7.99. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $6.96 and a 200 day moving average of $6.13. The firm has a market cap of $209.71 million, a price-to-earnings ratio of -29.95 and a beta of 1.35.

Sangoma Technologies (NASDAQ:SANG) last released its earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same quarter last year, the business posted ($0.10) EPS. As a group, research analysts anticipate that Sangoma Technologies will post -0.06 earnings per share for the current year.

Institutional Trading of Sangoma Technologies

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI raised its stake in Sangoma Technologies by 3.6% during the 4th quarter. National Bank of Canada FI now owns 74,855 shares of the company’s stock valued at $521,000 after purchasing an additional 2,596 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sangoma Technologies by 1,171.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 142,879 shares of the company’s stock worth $993,000 after purchasing an additional 131,638 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sangoma Technologies by 375.6% during the fourth quarter. JPMorgan Chase & Co. now owns 19,500 shares of the company’s stock valued at $135,000 after buying an additional 15,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Sangoma Technologies by 47.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,533 shares of the company’s stock valued at $1,497,000 after buying an additional 69,700 shares during the period. Finally, Bard Associates Inc. grew its position in Sangoma Technologies by 2.3% during the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company’s stock worth $644,000 after buying an additional 2,044 shares in the last quarter. Institutional investors own 39.65% of the company’s stock.

About Sangoma Technologies

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.