Important Short Interest Filing: Does Sigma Designs Incorporated (NASDAQ:SIGM) Have Gas After Even Less Sellers Involved?

November 15, 2016 - By Richard Conner   ·   0 Comments

Important Short Interest Filing: Does Sigma Designs Incorporated (NASDAQ:SIGM) Have Gas After Even Less Sellers Involved?

The stock of Sigma Designs Incorporated (NASDAQ:SIGM) registered a decrease of 2.4% in short interest. SIGM’s total short interest was 2.09M shares in November as published by FINRA. Its down 2.4% from 2.14 million shares, reported previously. With 660,500 shares average volume, it will take short sellers 3 days to cover their SIGM’s short positions. The short interest to Sigma Designs Incorporated’s float is 6.04%. About 84,788 shares traded hands. Sigma Designs Inc (NASDAQ:SIGM) has risen 31.33% since April 13, 2016 and is uptrending. It has outperformed by 27.40% the S&P500.

Sigma Designs, Inc. is a provider of global integrated semiconductor solutions. The company has a market cap of $308.08 million. The Firm offers media platforms for use in the home entertainment and home control markets. It currently has negative earnings. The Firm sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things devices.

Insitutional Activity: The institutional sentiment increased to 0.65 in Q2 2016. Its up 0.09, from 0.56 in 2016Q1. The ratio is positive, as 18 funds sold all Sigma Designs Inc shares owned while 31 reduced positions. 13 funds bought stakes while 19 increased positions. They now own 22.98 million shares or 4.79% less from 24.14 million shares in 2016Q1.
Invesco Ltd reported 26,174 shares or 0% of all its holdings. Blackrock Advsr Lc holds 16,330 shares or 0% of its portfolio. Royal Comml Bank Of Canada last reported 450 shares in the company. California State Teachers Retirement System last reported 0% of its portfolio in the stock. Vanguard Group Inc, a Pennsylvania-based fund reported 2.58M shares. Federated Pa holds 0.02% of its portfolio in Sigma Designs Inc (NASDAQ:SIGM) for 1.30 million shares. New York State Common Retirement Fund accumulated 32,400 shares or 0% of the stock. Tower Research Limited Liability Company (Trc) has 3,383 shares for 0% of their US portfolio. Fisher Asset Management Ltd accumulated 0% or 322,171 shares. Brave Asset Management has 2,000 shares for 0.01% of their US portfolio. Gsa Cap Limited Liability Partnership accumulated 0.03% or 83,520 shares. Morgan Stanley owns 14,339 shares or 0% of their US portfolio. Nationwide Fund owns 147,464 shares or 0% of their US portfolio. Top Ace Asset Management Limited last reported 1.20M shares in the company. Fuller And Thaler Asset accumulated 422,863 shares or 0.05% of the stock.

Sigma Designs Inc (NASDAQ:SIGM) Ratings Coverage

Out of 5 analysts covering Sigma Designs (NASDAQ:SIGM), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. Sigma Designs has been the topic of 6 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Thursday, September 8 by BWS Financial. As per Wednesday, December 9, the company rating was maintained by Barrington Research. The company was initiated on Monday, November 2 by Lake Street. BWS Financial downgraded Sigma Designs Inc (NASDAQ:SIGM) on Friday, November 13 to “Hold” rating. The rating was initiated by Robert W. Baird on Friday, October 9 with “Outperform”.

SIGM Company Profile

Sigma Designs, Inc., incorporated on January 7, 1982, is a well-known provider of global integrated semiconductor solutions. The Firm offers media platforms for use in the home entertainment and home control markets. The Firm sells its products into markets, including smart television, media connectivity, set-top box and Internet of Things (IoT) devices. Set-top box products consist of connected media processors and players delivering Internet protocol (IP) streaming video, including hybrid versions of these products.

More news for Sigma Designs Inc (NASDAQ:SIGM) were recently published by: Fool.com, which released: “Why Sigma Designs, Inc. Stock Jumped 39% in June” on July 10, 2015. Fool.com‘s article titled: “Why Sigma Designs Inc.’s Stock Plunged 30% in September” and published on October 07, 2015 is yet another important article.

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By Richard Conner


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