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

SigmaTron International, Inc. (NASDAQ:SGMA) saw a significant drop in short interest in 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 short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On SigmaTron International

An institutional investor recently raised its position in SigmaTron International stock. Dimensional Fund Advisors LP lifted its stake in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,124 shares of the technology company’s stock after buying an additional 11,070 shares during the quarter. Dimensional Fund Advisors LP owned 0.87% of SigmaTron International worth $297,000 as of its most recent filing with the SEC. Institutional investors own 23.85% of the company’s stock.

Wall Street Analyst Weigh In

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

SigmaTron International Trading Down 3.4 %

NASDAQ:SGMA traded down $0.06 during mid-day trading on Thursday, reaching $1.70. The company’s stock had a trading volume of 33,250 shares, compared to its average volume of 36,885. SigmaTron International has a twelve month low of $1.50 and a twelve month high of $6.47. The company’s fifty day simple moving average is $2.20 and its two-hundred day simple moving average is $3.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The stock has a market cap of $10.40 million, a P/E ratio of -0.67 and a beta of 0.95.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%.

About SigmaTron International

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.