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

Sangoma Technologies Co. (NASDAQ:SANG) was the target of a large 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 10,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SANG. Citadel Advisors LLC purchased a new stake in shares of Sangoma Technologies in the fourth quarter valued at about $86,000. Bank of America Corp DE increased its position in 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 period. JPMorgan Chase & Co. raised its stake in Sangoma Technologies by 375.6% during the 4th quarter. JPMorgan Chase & Co. now owns 19,500 shares of the company’s stock valued at $135,000 after acquiring an additional 15,400 shares during the last quarter. National Bank of Canada FI lifted its position in Sangoma Technologies by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock worth $398,000 after acquiring an additional 8,439 shares during the period. Finally, Bard Associates Inc. grew its stake in shares of Sangoma Technologies by 8.8% in the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock valued at $474,000 after purchasing an additional 7,141 shares during the last quarter. 39.65% of the stock is owned by hedge funds and other institutional investors.

Sangoma Technologies Stock Performance

Shares of NASDAQ SANG traded up $0.20 during trading hours on Wednesday, reaching $5.15. The stock had a trading volume of 15,948 shares, compared to its average volume of 7,970. The firm has a 50-day moving average of $6.73 and a 200-day moving average of $6.21. The firm has a market cap of $171.53 million, a price-to-earnings ratio of -24.50 and a beta of 1.35. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Sangoma Technologies has a fifty-two week low of $3.78 and a fifty-two week high of $7.99.

Sangoma Technologies (NASDAQ:SANG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) earnings per share 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 period last year, the company earned ($0.10) earnings per share. Equities research analysts predict that Sangoma Technologies will post -0.18 earnings per share 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.