SuperCom, Ltd. (NASDAQ:SPCB) Shares Shorted: Short Interest Up 75.7% in September

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 144,335 shares, a growth of 75.7% from the September 15th total of 82,127 shares. Based on an average daily volume of 57,056 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.2% of the shares of the stock are sold short.

SuperCom Price Performance

NASDAQ:SPCB traded down $0.41 during trading hours on Friday, reaching $8.88. The stock had a trading volume of 70,424 shares, compared to its average volume of 78,687. The stock has a market capitalization of $49.27 million, a PE ratio of 5.53 and a beta of 1.13. SuperCom has a 52 week low of $7.07 and a 52 week high of $12.87. The company has a 50 day moving average price of $10.01 and a two-hundred day moving average price of $10.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.18 and a current ratio of 5.75.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.24. The firm 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 20.20%.

Analysts Set New Price Targets

SPCB has been the topic of a number of research analyst reports. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Weiss Ratings lowered shares of SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of SuperCom

An institutional investor recently raised its stake in SuperCom stock. Corsair Capital Management L.P. raised its position in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,971 shares of the industrial products company’s stock after acquiring an additional 17,400 shares during the period. Corsair Capital Management L.P. owned approximately 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is an Israeli technology company that develops secure solutions for the government, public safety and electronic monitoring markets. Its products are designed to support agencies responsible for offender supervision, domestic violence prevention, corrections, public safety and related social-service programs.

The company’s offerings include electronic monitoring systems, location and tracking technologies, biometric identification tools, case-management software and mobile applications.