SuperCom, Ltd. (NASDAQ:SPCB) Sees Significant Drop in Short Interest

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 108,985 shares, a decrease of 50.9% from the July 15th total of 222,065 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 75,420 shares, the days-to-cover ratio is presently 1.4 days.

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $10.75 on Friday. SuperCom has a 1 year low of $7.07 and a 1 year high of $13.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.96 and a quick ratio of 7.49. The company’s 50-day moving average is $10.93 and its 200 day moving average is $9.81. The stock has a market capitalization of $59.66 million, a P/E ratio of 215.00 and a beta of 1.17.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Thursday, August 13th. The industrial products company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.28 by $0.24. The business had revenue of $8.09 million during the quarter, compared to analyst estimates of $7.15 million. SuperCom had a net margin of 2.92% and a return on equity of 21.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Corsair Capital Management L.P. boosted its position in shares of SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock valued at $1,073,000 after purchasing an additional 8,571 shares in the last quarter. Stifel Financial Corp raised its holdings in SuperCom by 310.5% in the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 88,500 shares in the last quarter. XTX Topco Ltd purchased a new position in SuperCom during the fourth quarter valued at $141,000. LPL Financial LLC bought a new stake in shares of SuperCom during the 4th quarter valued at $92,000. Finally, Citadel Advisors LLC purchased a new stake in shares of SuperCom in the 3rd quarter worth about $254,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.

Analyst Ratings Changes

SPCB has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is a technology firm specializing in electronic monitoring, digital identity and secure IoT solutions. The company develops and delivers hardware and software platforms designed to monitor individuals in correctional and pre-trial settings, as well as to provide secure digital identity credentials for governments and commercial clients. SuperCom’s core offerings include GPS and radio frequency (RF) tracking devices, biometric readers, secure communications modules and cloud-based monitoring portals.

In addition to correctional monitoring, SuperCom has expanded into the digital identity and eHealth sectors.