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

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 74,039 shares, a drop of 31.7% from the December 31st total of 108,425 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 140,419 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 140,419 shares, the short-interest ratio is presently 0.5 days. Currently, 3.1% of the company’s shares are short sold.

Institutional Investors Weigh In On SuperCom

A number of large investors have recently modified their holdings of the stock. Corsair Capital Management L.P. purchased a new position in shares of SuperCom in the second quarter valued at $311,000. Citadel Advisors LLC acquired a new stake in SuperCom in the third quarter worth $254,000. JPMorgan Chase & Co. bought a new stake in shares of SuperCom during the second quarter valued at approximately $31,000. Finally, Apis Capital Advisors LLC raised its stake in shares of SuperCom by 213.3% during the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after purchasing an additional 64,000 shares in the last quarter. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Stock Performance

SPCB opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 8.29 and a quick ratio of 7.75. The stock has a market cap of $27.84 million, a P/E ratio of 12.03 and a beta of 0.91. The stock’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $9.83. SuperCom has a 1-year low of $5.06 and a 1-year high of $13.69.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Thursday, November 13th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. The business had revenue of $6.22 million for the quarter, compared to analyst estimates of $5.76 million. SuperCom had a net margin of 15.53% and a return on equity of 34.06%.

Analysts Set New Price Targets

SPCB has been the subject of several research reports. Wall Street Zen downgraded shares of SuperCom from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.