Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Up 62.5% in March

Sangoma Technologies Co. (NASDAQ:SANG - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,800 shares, an increase of 62.5% from the March 15th total of 4,800 shares. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company's shares are sold short.

Sangoma Technologies Trading Down 3.5 %

SANG stock traded down $0.17 during trading on Monday, hitting $4.61. 3,347 shares of the company traded hands, compared to its average volume of 8,052. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.86. Sangoma Technologies has a 1 year low of $2.01 and a 1 year high of $7.99. The firm has a market capitalization of $154.70 million, a PE ratio of -21.93 and a beta of 1.45. The company has a 50-day moving average of $4.97 and a 200-day moving average of $5.99.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share (EPS) 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 in the previous year, the firm earned ($0.10) EPS. Analysts predict that Sangoma Technologies will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SANG. Bard Associates Inc. grew its stake in shares of Sangoma Technologies by 2.3% in 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. National Bank of Canada FI lifted its stake in shares of Sangoma Technologies by 3.6% in the fourth quarter. National Bank of Canada FI now owns 74,855 shares of the company's stock worth $521,000 after buying an additional 2,596 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Sangoma Technologies by 1.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 472,027 shares of the company's stock worth $3,232,000 after purchasing an additional 5,558 shares during the last quarter. Bank of America Corp DE increased its position in shares of Sangoma Technologies by 198.4% during the 4th quarter. Bank of America Corp DE now owns 18,200 shares of the company's stock valued at $130,000 after purchasing an additional 12,100 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Sangoma Technologies in the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 39.65% of the company's stock.

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.