Short Interest in Sangoma Technologies Co. (NASDAQ:SANG) Expands By 37.1%

Sangoma Technologies Co. (NASDAQ:SANG) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 12,200 shares, an increase of 37.1% from the December 15th total of 8,900 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 1.5 days.

Sangoma Technologies Stock Down 2.6 %

Shares of SANG traded down $0.19 during trading hours on Thursday, hitting $7.03. 519 shares of the company were exchanged, compared to its average volume of 5,401. Sangoma Technologies has a 52 week low of $2.50 and a 52 week high of $7.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.91. The company has a market cap of $234.38 million, a PE ratio of -28.12 and a beta of 1.36. The firm’s 50 day moving average is $6.61 and its 200-day moving average is $5.82.

Hedge Funds Weigh In On Sangoma Technologies

Several large investors have recently made changes to their positions in SANG. Intact Investment Management Inc. acquired a new position in shares of Sangoma Technologies during the 3rd quarter worth about $1,587,000. Acadian Asset Management LLC acquired a new position in shares of Sangoma Technologies during the 2nd quarter worth about $188,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sangoma Technologies by 28.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock worth $808,000 after purchasing an additional 32,000 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Sangoma Technologies by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock worth $398,000 after purchasing an additional 8,439 shares during the last quarter. Finally, Bard Associates Inc. lifted its position in shares of Sangoma Technologies by 8.8% during the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock worth $474,000 after purchasing an additional 7,141 shares during the last quarter. Institutional investors and hedge funds own 39.65% of the company’s stock.

About Sangoma Technologies

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.