Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Update

Sangoma Technologies Co. (NASDAQ:SANG) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 4,900 shares, a drop of 31.0% from the August 15th total of 7,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SANG. Toronto Dominion Bank raised its stake in shares of Sangoma Technologies by 1.3% during the 2nd quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock worth $2,471,000 after buying an additional 6,243 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Sangoma Technologies during the second quarter valued at $188,000. Unique Wealth LLC acquired a new stake in Sangoma Technologies in the 2nd quarter worth about $427,000. Hillsdale Investment Management Inc. purchased a new stake in Sangoma Technologies in the 1st quarter valued at about $765,000. Finally, PenderFund Capital Management Ltd. increased its stake in shares of Sangoma Technologies by 6.8% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company’s stock valued at $10,586,000 after acquiring an additional 210,300 shares during the last quarter. 39.65% of the stock is owned by institutional investors and hedge funds.

Sangoma Technologies Trading Up 13.7 %

Shares of SANG stock traded up $0.71 on Monday, reaching $5.91. 3,418 shares of the company were exchanged, compared to its average volume of 6,377. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.30. Sangoma Technologies has a 1 year low of $2.18 and a 1 year high of $6.40. The business has a 50-day moving average price of $5.14 and a 200 day moving average price of $4.93.

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.