Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Down 15.6% in February

Sangoma Technologies Co. (NASDAQ:SANG) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, a decline of 15.6% from the January 31st total of 6,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Sangoma Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SANG. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in Sangoma Technologies during the fourth quarter valued at $3,420,000. Citadel Advisors LLC bought a new stake in shares of Sangoma Technologies in the 4th quarter worth about $86,000. Bank of America Corp DE lifted its holdings in shares of Sangoma Technologies by 198.4% in the 4th quarter. Bank of America Corp DE now owns 18,200 shares of the company’s stock valued at $130,000 after acquiring an additional 12,100 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in Sangoma Technologies by 1.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 472,027 shares of the company’s stock worth $3,232,000 after acquiring an additional 5,558 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Sangoma Technologies by 3.6% in 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. 39.65% of the stock is currently owned by institutional investors.

Sangoma Technologies Stock Down 3.3 %

Shares of NASDAQ SANG traded down $0.18 during midday trading on Thursday, hitting $5.14. The stock had a trading volume of 104 shares, compared to its average volume of 11,826. The company has a market cap of $171.20 million, a P/E ratio of -24.45 and a beta of 1.35. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $6.73 and its 200-day moving average is $6.21. Sangoma Technologies has a 52 week low of $3.90 and a 52 week high of $7.99.

Sangoma Technologies (NASDAQ:SANG) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, analysts predict that Sangoma Technologies will post -0.18 EPS for the current year.

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.