50K shares changed hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 78.54% under the normal average daily volume.
Short traders are feeling a little more bearish on the company as implied by the rise in short interest. The firm had a rise in short interest of 27.86% between September 29, 2017 and October 13, 2017. Short interest grew from 39,848 to 50,950 over that period. With short interest at 50,950 and short average daily volume at 34,309, the short-interest ratio is 1.0 and the short interest percentage is 0.01% as of October 13.
These funds have shifted positions in (SGOC). Renaissance Technologies LLC reduced its investment by selling 500 shares a decrease of 2.4%. Renaissance Technologies LLC claims 20,525 shares worth $24,000. The value of the position overall is down by 60.0%. As of quarter end Ubs Group Ag had sold 4,647 shares trimming its stake by 71.1%. The value of the total investment in Sgoco Group Ltd went from $19,000 to $2,000 a change of $17,000 for the reporting period.
In the market the company is trading down by 3.79% percent from yesterday’s close. The P/E ratio is N/A and market cap is 11.70M. As of the last earnings report the EPS was $-0.70 with 10.13M shares currently outstanding.
SGOCO Group, Ltd., launched on July 18, 2007, is a holding company. The Company is focused on developing its own-brands and distributing its branded products in the Chinese flat-panel display market. The Business’s main products are liquid crystal display (LCD)/light emitting diode (LED) monitors, All-in-One (AIO) and Part-in-One (PIO) computers and other application-specific products. The Business’s primary business operations are conducted through SGOCO International (HK) Limited, and its subsidiary, SGOCO (Shenzhen) Technology Co., Ltd..Advertisement