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 large growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,800 shares, a growth of 62.5% from the March 15th total of 4,800 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company's shares are short sold.

Sangoma Technologies Trading Up 3.5 %

Shares of Sangoma Technologies stock traded up $0.16 during trading hours on Tuesday, reaching $4.77. 513 shares of the company's stock were exchanged, compared to its average volume of 8,020. Sangoma Technologies has a 52-week low of $4.04 and a 52-week high of $7.99. The company has a fifty day moving average of $4.94 and a 200-day moving average of $5.98. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $160.24 million, a price-to-earnings ratio of -22.71 and a beta of 1.45.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) earnings per share 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 in the previous year, the business earned ($0.10) EPS. Sell-side analysts forecast that Sangoma Technologies will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Alberta Investment Management Corp raised its holdings 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 purchasing an additional 127,808 shares during the period. Intact Investment Management Inc. lifted its position in Sangoma Technologies by 99.4% during the first quarter. Intact Investment Management Inc. now owns 551,525 shares of the company's stock valued at $2,488,000 after buying an additional 274,925 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in Sangoma Technologies during the fourth quarter worth approximately $3,420,000. TD Waterhouse Canada Inc. increased its position in shares of 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 acquiring an additional 5,558 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $1,497,000 after acquiring an additional 69,700 shares during the period. 39.65% of the stock is owned by hedge funds and other 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.