SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Up 31.3% in June

SigmaTron International, Inc. (NASDAQ:SGMA) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 23,900 shares, a growth of 31.3% from the May 31st total of 18,200 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On SigmaTron International

A number of large investors have recently modified their holdings of SGMA. Inspire Advisors LLC acquired a new stake in shares of SigmaTron International in the first quarter valued at about $46,000. Bailard Inc. bought a new position in SigmaTron International in the fourth quarter valued at approximately $64,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of SigmaTron International during the 4th quarter worth approximately $292,000. 23.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on SigmaTron International in a research report on Thursday, June 20th. They issued a “strong-buy” rating for the company.

SigmaTron International Stock Up 1.2 %

NASDAQ:SGMA traded up $0.07 during trading hours on Monday, reaching $5.66. 89,578 shares of the stock were exchanged, compared to its average volume of 23,153. SigmaTron International has a twelve month low of $2.61 and a twelve month high of $7.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.28 and a quick ratio of 0.69. The firm has a 50 day moving average of $4.86 and a 200 day moving average of $3.92. The stock has a market cap of $34.44 million, a PE ratio of 31.42 and a beta of 0.88.

About SigmaTron International

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies, electro-mechanical subassemblies, and completely assembled (box-build) electronic products. The company also offers automatic and manual assembly and testing of products; material sourcing and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting, and assistance in obtaining product approval from governmental and other regulatory bodies.