Short Interest in Sangoma Technologies Co. (NASDAQ:SANG) Decreases By 15.8%

Sangoma Technologies Co. (NASDAQ:SANG) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, a decline of 15.8% from the February 28th total of 5,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 10,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Sangoma Technologies

A number of institutional investors have recently bought and sold shares of SANG. Citadel Advisors LLC acquired a new position in shares of Sangoma Technologies in the 4th quarter valued at $86,000. Bank of America Corp DE boosted its holdings in Sangoma Technologies by 198.4% in the fourth 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 last quarter. JPMorgan Chase & Co. grew its position in Sangoma Technologies by 375.6% during the fourth 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 period. National Bank of Canada FI grew its position in Sangoma Technologies by 13.2% during the third 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 during the period. Finally, Bard Associates Inc. increased its stake in Sangoma Technologies by 2.3% during the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company’s stock worth $644,000 after acquiring an additional 2,044 shares during the last quarter. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

Sangoma Technologies Trading Up 1.7 %

Shares of Sangoma Technologies stock opened at $4.44 on Tuesday. The firm has a market cap of $148.99 million, a PE ratio of -21.12 and a beta of 1.39. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.18. Sangoma Technologies has a fifty-two week low of $4.04 and a fifty-two week high of $7.99. The business’s fifty day moving average is $5.81 and its two-hundred day moving average is $6.12.

Sangoma Technologies (NASDAQ:SANG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same period last year, the business earned ($0.10) earnings per share. Analysts anticipate that Sangoma Technologies will post -0.18 earnings per share for the current year.

About Sangoma Technologies

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.