Sangoma Technologies Corporation (NASDAQ:SANG) Short Interest Update

Key Points

• Sangoma Technologies Corporation experienced a significant increase in short interest, rising by 161.5% in September to a total of 20,400 shares.
• The company reported $0.02 earnings per share for its recent quarter, exceeding expectations, with a total revenue of $59.36 million.
• Institutional investors own 39.65% of Sangoma's stock, with notable increases in stakes from firms such as Bank of America and Acadian Asset Management.

Sangoma Technologies Corporation (NASDAQ:SANG - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,400 shares, a growth of 161.5% from the August 31st total of 7,800 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 3.3 days. Approximately 0.1% of the company's shares are short sold.

Sangoma Technologies Trading Up 2.4%

NASDAQ:SANG traded up $0.13 during trading hours on Friday, reaching $5.31. 3,041 shares of the stock were exchanged, compared to its average volume of 7,881. Sangoma Technologies has a twelve month low of $4.08 and a twelve month high of $7.99. The business has a 50-day moving average of $5.61 and a two-hundred day moving average of $5.50. The company has a market capitalization of $176.36 million, a price-to-earnings ratio of -35.37 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Sangoma Technologies had a negative return on equity of 1.73% and a negative net margin of 2.12%.The firm had revenue of $59.36 million for the quarter, compared to the consensus estimate of $58.58 million. Sangoma Technologies has set its FY 2026 guidance at EPS. On average, equities analysts predict that Sangoma Technologies will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in Sangoma Technologies during the 4th quarter worth approximately $86,000. Bank of America Corp DE raised its stake in shares of Sangoma Technologies by 198.4% in the fourth quarter. Bank of America Corp DE now owns 18,200 shares of the company's stock valued at $130,000 after acquiring an additional 12,100 shares in the last quarter. National Bank of Canada FI boosted its holdings in Sangoma Technologies by 17.5% in the first quarter. National Bank of Canada FI now owns 87,982 shares of the company's stock valued at $388,000 after purchasing an additional 13,127 shares during the period. Acadian Asset Management LLC grew its stake in Sangoma Technologies by 51.7% during the 1st quarter. Acadian Asset Management LLC now owns 181,800 shares of the company's stock worth $809,000 after purchasing an additional 61,951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sangoma Technologies by 33.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,833 shares of the company's stock worth $1,294,000 after purchasing an additional 71,300 shares during the period. Institutional investors and hedge funds 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.

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