Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Down 52.2% in April

Sangoma Technologies Co. (NASDAQ:SANG - Get Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 3,200 shares, a decrease of 52.2% from the April 15th total of 6,700 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Sangoma Technologies Price Performance

Shares of SANG traded down $0.15 during trading hours on Friday, reaching $4.35. The stock had a trading volume of 3,090 shares, compared to its average volume of 2,861. The stock has a market capitalization of $103.97 million, a PE ratio of -4.68 and a beta of 1.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.70 and a current ratio of 1.04. Sangoma Technologies has a 12 month low of $2.18 and a 12 month high of $4.98. The company's 50-day moving average is $4.54 and its two-hundred day moving average is $3.60.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $62.28 million for the quarter, compared to the consensus estimate of $63.60 million. Sangoma Technologies had a negative return on equity of 3.07% and a negative net margin of 12.23%. Research analysts expect that Sangoma Technologies will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. bought a new position in Sangoma Technologies during the 1st quarter worth $765,000. PenderFund Capital Management Ltd. raised its position in Sangoma Technologies by 6.8% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company's stock worth $10,586,000 after purchasing an additional 210,300 shares during the last quarter. Toronto Dominion Bank raised its position in Sangoma Technologies by 15.3% during the 3rd quarter. Toronto Dominion Bank now owns 550,000 shares of the company's stock worth $1,908,000 after purchasing an additional 73,100 shares during the last quarter. Finally, Claret Asset Management Corp raised its position in shares of Sangoma Technologies by 111.4% in the 3rd quarter. Claret Asset Management Corp now owns 185,622 shares of the company's stock worth $645,000 after acquiring an additional 97,828 shares in the last quarter. 39.65% of the stock is owned by institutional investors.

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.