Sangoma Technologies Co. (NASDAQ:SANG) Short Interest Down 31.0% in August

Sangoma Technologies Co. (NASDAQ:SANG) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,900 shares, a decline of 31.0% from the August 15th total of 7,100 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 1.6 days. Approximately 0.0% of the company’s shares are short sold.

Sangoma Technologies Price Performance

NASDAQ SANG traded up $0.71 during mid-day trading on Monday, hitting $5.91. The company’s stock had a trading volume of 3,418 shares, compared to its average volume of 6,377. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $5.14 and its two-hundred day simple moving average is $4.93. Sangoma Technologies has a 52-week low of $2.18 and a 52-week high of $6.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Sangoma Technologies during the second quarter worth $188,000. Unique Wealth LLC acquired a new position in shares of Sangoma Technologies in the 2nd quarter valued at about $427,000. Hillsdale Investment Management Inc. acquired a new stake in Sangoma Technologies during the first quarter worth about $765,000. Toronto Dominion Bank boosted its stake in Sangoma Technologies by 1.3% in the second quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock valued at $2,471,000 after acquiring an additional 6,243 shares during the period. Finally, PenderFund Capital Management Ltd. grew its stake in Sangoma Technologies by 6.8% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company’s stock worth $10,586,000 after buying an additional 210,300 shares during the last quarter. Hedge funds and other institutional investors 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.