Sangoma Technologies Co. (NASDAQ:SANG – Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 150.0% from the February 29th total of 2,000 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Sangoma Technologies
Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in Sangoma Technologies by 6.4% during the 3rd quarter. Royal Bank of Canada now owns 154,814 shares of the company’s stock worth $537,000 after acquiring an additional 9,284 shares during the last quarter. National Bank of Canada FI grew its position in Sangoma Technologies by 47.7% during the 3rd quarter. National Bank of Canada FI now owns 51,290 shares of the company’s stock worth $168,000 after acquiring an additional 16,567 shares during the last quarter. HighTower Advisors LLC bought a new stake in Sangoma Technologies during the 1st quarter worth $303,000. The Manufacturers Life Insurance Company grew its position in Sangoma Technologies by 10.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 433,136 shares of the company’s stock worth $2,030,000 after acquiring an additional 42,360 shares during the last quarter. Finally, Toronto Dominion Bank grew 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 acquiring an additional 73,100 shares during the last quarter. Institutional investors own 39.65% of the company’s stock.
Sangoma Technologies Price Performance
NASDAQ SANG traded up $0.03 during midday trading on Thursday, hitting $4.84. The company had a trading volume of 13,225 shares, compared to its average volume of 8,550. The company has a market capitalization of $115.68 million, a PE ratio of -5.29 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $3.76 and a 200-day moving average price of $3.36. Sangoma Technologies has a twelve month low of $2.18 and a twelve month high of $4.97.
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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