Trading was light with 24K shares changing hands in the last trading session. Trading volume was down 79.56% under the stocks average daily volume.
Investors are a little more bullish on shares of Giga Tronics Inc recently if you consider the downtick in short interest. The firm saw a fall in short interest of -32.83% between September 29, 2017 and October 13, 2017. Short interest decreased from 46,511 to 31,241 over that timeframe. With short interest at 31,241 and short average daily volume at 296,272, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Renaissance Technologies LLC had bought a total of 5,700 shares growing its position 41.1%. The value in dollars went from $15,000 to $15,000 decreasing 0.0% since the last quarter. As of quarter end Vanguard Group Inc had disposed of 25,745 shares trimming its stake by 87.1%. The value of the investment in GIGA decreased from $24,000 to $3,000 a change of $21,000 quarter over quarter.
As of the end of the quarter Goldman Sachs Group Inc had disposed of a total of 2,404 shares trimming its holdings by 9.5%. The value of the company’s investment in Giga Tronics Inc went from $20,000 to $18,000 a change of 10.0% quarter to quarter. As of the end of the quarter Citadel Advisors LLC had disposed of 6,680 shares trimming its position 23.2%. The value of the investment in (GIGA) decreased from $23,000 to $17,000 decreasing 26.1% for the reporting period.
In the market the company is trading down since yesterday’s close of 0.419. Giga Tronics Inc currently has a P/E ratio of N/A and the market cap of the company is 3.91M. As of the latest earnings report the EPS was $-0.28 with 10.14M shares currently outstanding.
Giga-tronics Incorporated (Giga-tronics), launched on March 5, 1980, includes the operations of the Giga-tronics Division and Microsource Inc. (Microsource). The Company operates through two segments: Giga-tronics Division and Microsource. Giga-tronics segment designs, manufactures and markets the Advanced Signal Generator (ASG) for the electronic warfare market and switching systems that are used in automatic testing systems primarily in aerospace, defense and telecommunications. Microsource primarily develops and manufactures Yttrium, Iron, Garnet (YIG) radio detection and ranging (RADAR) filters used in fighter jet aircraft for two prime contractors..