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

Sangoma Technologies Co. (NASDAQ:SANG) was the recipient of 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 short-interest ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are short sold.

Sangoma Technologies Price Performance

SANG stock traded up $0.02 during midday trading on Friday, reaching $7.37. 25,908 shares of the stock were exchanged, compared to its average volume of 6,663. Sangoma Technologies has a 52 week low of $2.50 and a 52 week high of $7.65. The company has a fifty day moving average price of $6.65 and a 200 day moving average price of $5.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.68. The stock has a market capitalization of $245.72 million, a PE ratio of -29.48 and a beta of 1.36.

Institutional Trading of Sangoma Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SANG. Acadian Asset Management LLC acquired a new position in shares of Sangoma Technologies during the second quarter worth $188,000. National Bank of Canada FI raised 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 purchasing an additional 8,439 shares during the last quarter. Bard Associates Inc. lifted its holdings in Sangoma Technologies by 8.8% during the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock worth $474,000 after buying an additional 7,141 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Sangoma Technologies by 28.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock valued at $808,000 after buying an additional 32,000 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Sangoma Technologies in the third quarter valued at about $1,587,000. 39.65% of the stock is currently owned by institutional investors.

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.