Stock Short Interest Filing: Is Buying Smtc Corporation (NASDAQ:SMTX) Here Good Idea?

November 16, 2016 - By Dolores Ford   ·   0 Comments

Stock Short Interest Filing: Is Buying Smtc Corporation (NASDAQ:SMTX) Here Good Idea?

The stock of Smtc Corporation (NASDAQ:SMTX) registered a decrease of 20.34% in short interest. SMTX’s total short interest was 4,700 shares in November as published by FINRA. Its down 20.34% from 5,900 shares, reported previously. With 11,800 shares average volume, it will take short sellers 0 days to cover their SMTX’s short positions. The short interest to Smtc Corporation’s float is 0.04%. The stock last traded at $1.35 per share. It is down 15.09% since April 14, 2016 and is downtrending. It has underperformed by 19.78% the S&P500.

SMTC Corporation is a provider of electronics manufacturing services (EMS). The company has a market cap of $22.79 million. The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment. It has a 20.53 P/E ratio. The Company’s geographic divisions include the United States, Mexico and China.

Insitutional Activity: The institutional sentiment increased to 1.75 in Q2 2016. Its up 1.62, from 0.13 in 2016Q1. The ratio improved, as 2 funds sold all SMTC Corporation (USA) shares owned while 2 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 2.15 million shares or 1.06% less from 2.17 million shares in 2016Q1.
Ingalls Snyder Lc holds 10,000 shares or 0% of its portfolio. Susquehanna Llp reported 12,473 shares or 0% of all its holdings. Dimensional Fund Advsrs Lp accumulated 0% or 115,655 shares. Nationwide Fund Advsr holds 2,189 shares or 0% of its portfolio. Renaissance Techs Ltd Liability Corporation owns 160,900 shares or 0% of their US portfolio. Tower Rech Limited Co (Trc) has 0% invested in the company for 60 shares. Wynnefield Cap has 1.43 million shares for 0.78% of their US portfolio. Grt Capital Ltd Liability Corporation accumulated 0.07% or 196,093 shares. California Public Employees Retirement Systems holds 0% of its portfolio in SMTC Corporation (USA) (NASDAQ:SMTX) for 25,860 shares. Gilman Hill Asset Mgmt Limited Liability Company has 15,977 shares for 0.01% of their US portfolio. Acadian Asset Management Lc, a Massachusetts-based fund reported 1,892 shares. Retail Bank Of America De reported 5 shares or 0% of all its holdings. The Germany-based Deutsche Retail Bank Ag has invested 0% in SMTC Corporation (USA) (NASDAQ:SMTX). The Texas-based Bridgeway Capital Management has invested 0% in SMTC Corporation (USA) (NASDAQ:SMTX).

SMTX Company Profile

SMTC Corporation (SMTC), incorporated on July 31, 1998, is a well-known provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order (CTO), build to order (BTO) and direct order fulfillment (DOF). The Company’s geographic divisions include the United States, Mexico and China. SMTC offers integrated contract manufacturing services to global original equipment manufacturers (OEMs) and technology companies primarily within the industrial, networking and computing, communications and medical market sectors.

More recent SMTC Corporation (USA) (NASDAQ:SMTX) news were published by: Seekingalpha.com which released: “SMTC Corp.: I Expect Higher Revenues And Profitability In 2015 And Beyond” on March 26, 2015. Also Globenewswire.com published the news titled: “SMTC Appoints Chief Financial Officer” on January 28, 2016. Seekingalpha.com‘s news article titled: “SMTC’s (SMTX) CEO Sushil Dhiman on Q2 2016 Results – Earnings Call Transcript” with publication date: August 09, 2016 was also an interesting one.

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By Dolores Ford


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