Short Interest in SigmaTron International, Inc. (NASDAQ:SGMA) Expands By 31.3%

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 23,900 shares, an increase of 31.3% from the May 31st total of 18,200 shares. Based on an average daily volume of 26,400 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on SigmaTron International in a research note on Thursday, June 20th. They issued a “strong-buy” rating for the company.

Hedge Funds Weigh In On SigmaTron International

Institutional investors have recently made changes to their positions in the stock. Bailard Inc. acquired a new position in SigmaTron International during the 4th quarter valued at approximately $64,000. Catalytic Wealth RIA LLC bought a new position in SigmaTron International in the 4th quarter worth about $292,000. Finally, Inspire Advisors LLC acquired a new stake in shares of SigmaTron International in the first quarter valued at approximately $46,000. 23.85% of the stock is owned by institutional investors.

SigmaTron International Stock Up 1.2 %

Shares of NASDAQ SGMA traded up $0.07 during trading on Monday, reaching $5.66. 89,578 shares of the stock were exchanged, compared to its average volume of 23,153. The company has a market capitalization of $34.44 million, a price-to-earnings ratio of 31.42 and a beta of 0.88. The business’s 50-day moving average price is $4.86 and its 200 day moving average price is $3.92. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20. SigmaTron International has a twelve month low of $2.61 and a twelve month high of $7.89.

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.