What’s Propelling Sigma Designs Inc (NASDAQ:SIGM) After Higher Shorts Reported?

July 12, 2018 - By Jeanette Kaplan

Sigma Designs, Inc. (NASDAQ:SIGM) Logo

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 1.20, from 2.04 in 2017Q4. It worsened, as 23 investors sold Sigma Designs, Inc. shares while 26 reduced holdings. 23 funds opened positions while 18 raised stakes. 26.50 million shares or 11.77% more from 23.71 million shares in 2017Q4 were reported.
Boothbay Fund Mgmt Limited Co has invested 0.07% in Sigma Designs, Inc. (NASDAQ:SIGM). Parametric Portfolio Assoc Ltd Liability Corporation accumulated 0% or 22,298 shares. Barclays Pcl reported 0% in Sigma Designs, Inc. (NASDAQ:SIGM). Menta Cap Llc invested in 0.08% or 64,488 shares. Savings Bank Of America De holds 0% or 3,595 shares in its portfolio. Schwab Charles Mngmt owns 68,458 shares or 0% of their US portfolio. Northern Trust Corp holds 0% or 396,092 shares. Nj State Employees Deferred Compensation Plan has 80,000 shares. Raymond James Fincl Service Advsrs Inc owns 11,490 shares. Renaissance Techs Limited Liability holds 0.02% or 2.63M shares. Peak6 Invests Ltd Partnership reported 0.03% of its portfolio in Sigma Designs, Inc. (NASDAQ:SIGM). Deutsche Financial Bank Ag accumulated 41,154 shares. Geode Mgmt Lc has invested 0% of its portfolio in Sigma Designs, Inc. (NASDAQ:SIGM). State Board Of Administration Of Florida Retirement accumulated 41,573 shares. Credit Suisse Ag holds 0% or 13,836 shares.

The stock of Sigma Designs Inc (NASDAQ:SIGM) registered an increase of 16.56% in short interest. SIGM’s total short interest was 1.55 million shares in July as published by FINRA. Its up 16.56% from 1.33M shares, reported previously. With 353,600 shares average volume, it will take short sellers 4 days to cover their SIGM’s short positions. The short interest to Sigma Designs Inc’s float is 4.72%.

The stock decreased 0.82% or $0.05 during the last trading session, reaching $6.05. About 3,580 shares traded. Sigma Designs, Inc. (NASDAQ:SIGM) has declined 0.80% since July 12, 2017 and is downtrending. It has underperformed by 13.37% the S&P500.

Sigma Designs, Inc. provides integrated system-on-chip solutions and intelligent platforms for use in various home entertainment and home control appliances. The company has market cap of $241.94 million. The companyÂ’s media processor product line includes a range of platforms that are based on integrated chips, embedded software, and hardware reference designs. It currently has negative earnings. The Company’s media connectivity product line comprises wired home networking controller chipsets that provide connectivity solutions between various home entertainment products and incoming video streams.

Sigma Designs, Inc. (NASDAQ:SIGM) Institutional Positions Chart

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