Sigma Additive Solutions, Inc. (NASDAQ:SASI) Sees Large Drop in Short Interest

Sigma Additive Solutions, Inc. (NASDAQ:SASIGet Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 17,100 shares, a decline of 62.3% from the January 15th total of 45,300 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 318,100 shares, the short-interest ratio is currently 0.1 days.

Sigma Additive Solutions Price Performance

Shares of NASDAQ SASI traded down $0.13 on Monday, hitting $3.26. The company’s stock had a trading volume of 13,145 shares, compared to its average volume of 609,408. Sigma Additive Solutions has a 12-month low of $2.39 and a 12-month high of $13.00. The company has a market capitalization of $2.54 million, a price-to-earnings ratio of -0.30 and a beta of 1.52. The stock has a 50 day moving average of $3.37 and a 200-day moving average of $3.80.

Sigma Additive Solutions (NASDAQ:SASIGet Free Report) last announced its quarterly earnings results on Monday, November 13th. The company reported ($1.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.80) by $0.23. Sigma Additive Solutions had a negative net margin of 1,123.90% and a negative return on equity of 180.93%. The company had revenue of $0.14 million for the quarter, compared to the consensus estimate of $0.57 million. Sell-side analysts expect that Sigma Additive Solutions will post -7.75 EPS for the current fiscal year.

Institutional Trading of Sigma Additive Solutions

A hedge fund recently bought a new stake in Sigma Additive Solutions stock. Geode Capital Management LLC purchased a new stake in Sigma Additive Solutions, Inc. (NASDAQ:SASIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 110,308 shares of the company’s stock, valued at approximately $44,000. Geode Capital Management LLC owned approximately 1.05% of Sigma Additive Solutions at the end of the most recent reporting period. Institutional investors and hedge funds own 8.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright downgraded shares of Sigma Additive Solutions from a “buy” rating to a “neutral” rating and set a $3.00 price objective on the stock. in a report on Tuesday, December 5th.

Read Our Latest Report on SASI

About Sigma Additive Solutions

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Sigma Additive Solutions, Inc operates as a software company. The company offers PrintRite3D, an integrated hardware and software edge computing platform that combines inspection, feedback, data collection, and critical analysis. It also provides PrintRite3D Direct Energy Deposition for metal parts and PrintRite3D Selective Laser Sintering for polymer materials.

Further Reading

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