Sangoma Technologies Co. (NASDAQ:SANG) Sees Large Increase in Short Interest

Sangoma Technologies Co. (NASDAQ:SANG - Get Free Report) saw a large growth in short interest in the month of 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 presently 1.5 days. Approximately 0.1% of the company's shares are short sold.

Sangoma Technologies Trading Up 0.3 %

Shares of SANG traded up $0.02 during trading hours on Friday, hitting $7.37. The stock had a trading volume of 25,908 shares, compared to its average volume of 7,792. Sangoma Technologies has a 12-month low of $2.50 and a 12-month high of $7.65. The firm has a market cap of $245.72 million, a P/E ratio of -29.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.91. The company's fifty day simple moving average is $6.63 and its 200 day simple moving average is $5.83.

Institutional Investors Weigh In On Sangoma Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of 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 period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Sangoma Technologies by 28.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company's stock worth $808,000 after buying an additional 32,000 shares during the period. Bard Associates Inc. increased its position in shares of Sangoma Technologies by 8.8% in the third quarter. Bard Associates Inc. now owns 88,161 shares of the company's stock worth $474,000 after acquiring an additional 7,141 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Sangoma Technologies in the third quarter worth $1,587,000. Finally, Toronto Dominion Bank raised its stake in shares of Sangoma Technologies by 1.3% in the 2nd quarter. Toronto Dominion Bank now owns 500,353 shares of the company's stock valued at $2,471,000 after acquiring an additional 6,243 shares during the period. 39.65% of the stock is currently owned by institutional investors and hedge funds.

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.