Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Up 37.1% in December

Sangoma Technologies Co. (NASDAQ:SANG) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 12,200 shares, a growth of 37.1% from the December 15th total of 8,900 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Sangoma Technologies

A number of hedge funds have recently modified their holdings of SANG. Acadian Asset Management LLC acquired a new stake in Sangoma Technologies during the 2nd quarter worth about $188,000. National Bank of Canada FI grew its holdings in shares of Sangoma Technologies by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock valued at $398,000 after acquiring an additional 8,439 shares in the last quarter. Bard Associates Inc. increased its position in Sangoma Technologies by 8.8% in the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock worth $474,000 after purchasing an additional 7,141 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sangoma Technologies by 28.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock worth $808,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Sangoma Technologies during the 3rd quarter valued at about $1,587,000. Hedge funds and other institutional investors own 39.65% of the company’s stock.

Sangoma Technologies Trading Up 0.3 %

Shares of Sangoma Technologies stock traded up $0.02 during trading on Friday, hitting $7.37. The stock had a trading volume of 25,908 shares, compared to its average volume of 7,792. Sangoma Technologies has a 1 year low of $2.50 and a 1 year high of $7.65. The stock has a 50 day simple moving average of $6.63 and a 200 day simple moving average of $5.83. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $245.72 million, a PE ratio of -29.48 and a beta of 1.36.

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.