Shares of the company are trading at $1.45 which is just over $1.36, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $1.29. The 50 day moving average went up by +6.27% and the 200 day average was up $0.16. Trading was heavy with 21K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 58.71% over the normal average daily volume.
Investors are feeling more bearish on the company if you take a look at the motion in short interest. The stock saw a rise in short interest of 10.46% between September 29, 2017 and October 13, 2017. Short interest increased from 49,412 to 54,580 over that timeframe. With short interest at 54,580 and short average daily volume at 9,860, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.00% as of October 13.
There has been some buying insider activity on SMTC Corporation (NASDAQ:SMTX) recently. Richard E. Fitzgerald, COO disclosed the purchase of 2,500 shares. The shares were purchased at an average price of $1.29. The COO now owns $28,056 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Renaissance Technologies LLC had acquired 11,900 shares growing its position 5.3%. The value in dollars went from $286,000 to $303,000 increasing 5.9% quarter to quarter. As of the end of the quarter Citadel Advisors LLC had sold a total of 1,350 shares trimming its stake by 8.9%. The value of the investment in SMTX decreased from $19,000 to $18,000 a change of $1,000 since the last quarter.
As of quarter end Tower Research Capital LLC (trc) had acquired 1,330 shares growing its holdings by 692.7%. The value of the company’s investment in SMTC Corporation went from $0 to $2,000 a change of inf% quarter over quarter. Acadian Asset Management LLC trimmed its stake by selling 6,381 shares a decrease of 62.2% from 06/30/2017 to 09/30/2017. Acadian Asset Management LLC now holds 3,882 shares worth $5,000. The total value of its holdings decreased 61.5%.
SMTC Corporation (SMTC), launched on July 31, 1998, is a provider of electronics manufacturing services (EMS). The Business’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 Business’s geographic segments 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..Advertisement