Sangoma Technologies Corporation (NASDAQ:SANG) Short Interest Update

Sangoma Technologies Corporation (NASDAQ:SANG) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 20,400 shares, an increase of 161.5% from the August 31st total of 7,800 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 3.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 3.3 days.

Sangoma Technologies Stock Performance

Shares of Sangoma Technologies stock opened at $5.27 on Friday. 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 has a twelve month low of $4.08 and a twelve month high of $7.99. The stock has a market cap of $175.17 million, a price-to-earnings ratio of -35.13 and a beta of 1.33. The company’s fifty day moving average is $5.60 and its 200 day moving average is $5.51.

Sangoma Technologies (NASDAQ:SANG) last issued its quarterly earnings data on Wednesday, September 17th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Sangoma Technologies had a negative net margin of 2.12% and a negative return on equity of 1.73%. The company had revenue of $59.36 million for the quarter, compared to analysts’ expectations of $58.58 million. Sangoma Technologies has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Sangoma Technologies will post -0.18 EPS for the current year.

Institutional Trading of Sangoma Technologies

A number of institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sangoma Technologies by 1.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 291,533 shares of the company’s stock valued at $1,808,000 after acquiring an additional 4,700 shares during the last quarter. Bank of America Corp DE boosted its position in Sangoma Technologies by 198.4% during 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 during the last quarter. Citadel Advisors LLC bought a new stake in Sangoma Technologies during the fourth quarter valued at $86,000. National Bank of Canada FI boosted its position in Sangoma Technologies by 17.5% during the first quarter. National Bank of Canada FI now owns 87,982 shares of the company’s stock valued at $388,000 after acquiring an additional 13,127 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. boosted its position in Sangoma Technologies by 3.1% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 472,554 shares of the company’s stock valued at $2,923,000 after acquiring an additional 14,397 shares during the last quarter. Institutional investors own 39.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sangoma Technologies in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.