SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 89,200 shares, a drop of 34.1% from the September 30th total of 135,300 shares. Based on an average daily volume of 128,300 shares, the short-interest ratio is presently 0.7 days. Currently, 2.5% of the company’s shares are short sold. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 128,300 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Several equities analysts have recently commented on SPCB shares. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research note on Wednesday, October 8th. Wall Street Zen lowered SuperCom from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

Institutional Investors Weigh In On SuperCom

Institutional investors have recently added to or reduced their stakes in the stock. Armistice Capital LLC purchased a new position in shares of SuperCom in the first quarter worth about $2,421,000. Corsair Capital Management L.P. purchased a new position in shares of SuperCom in the second quarter worth about $311,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of SuperCom in the second quarter worth about $31,000. Institutional investors own 47.81% of the company’s stock.

SuperCom Stock Down 4.5%

SPCB stock traded down $0.49 during trading on Monday, reaching $10.37. 59,915 shares of the company traded hands, compared to its average volume of 472,292. SuperCom has a 12 month low of $3.06 and a 12 month high of $18.95. The business has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $9.69. The company has a market capitalization of $30.38 million, a price-to-earnings ratio of 24.12 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.69 and a current ratio of 10.29.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. SuperCom had a return on equity of 37.28% and a net margin of 11.00%.The company had revenue of $7.14 million for the quarter, compared to the consensus estimate of $6.46 million.

SuperCom Company Profile

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.