Sangoma Technologies Co. (NASDAQ:SANG) Sees Significant Decrease in Short Interest

Sangoma Technologies Co. (NASDAQ:SANG - Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, a decrease of 15.6% from the January 31st total of 6,400 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.5 days.

Sangoma Technologies Trading Down 4.0 %

SANG stock traded down $0.20 on Friday, hitting $4.80. 14,718 shares of the company were exchanged, compared to its average volume of 8,080. Sangoma Technologies has a twelve month low of $4.04 and a twelve month high of $7.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.63. The business's fifty day moving average is $6.61 and its two-hundred day moving average is $6.20. The stock has a market capitalization of $160.03 million, a price-to-earnings ratio of -22.86 and a beta of 1.39.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 quarter last year, the business posted ($0.10) EPS. As a group, research analysts forecast that Sangoma Technologies will post -0.18 earnings per share for the current year.

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Institutional Investors Weigh In On Sangoma Technologies

Several large investors have recently made changes to their positions in SANG. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Sangoma Technologies in the fourth quarter valued at $3,420,000. Intact Investment Management Inc. purchased a new position in shares of Sangoma Technologies in the third quarter valued at $1,587,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sangoma Technologies by 1,171.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 142,879 shares of the company's stock worth $993,000 after buying an additional 131,638 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Sangoma Technologies by 11.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company's stock worth $8,373,000 after buying an additional 127,808 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sangoma Technologies by 47.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,533 shares of the company's stock worth $1,497,000 after buying an additional 69,700 shares during the last quarter. Institutional investors and hedge funds own 39.65% of the company's stock.

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.