Short Interest in Sequans Communications S.A. (NYSE:SQNS) Grows By 34.7%

Sequans Communications S.A. (NYSE:SQNS) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 49,300 shares, a growth of 34.7% from the February 28th total of 36,600 shares. Based on an average daily volume of 113,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Sequans Communications Stock Performance

Shares of Sequans Communications stock traded down $0.03 during mid-day trading on Wednesday, hitting $2.07. 441 shares of the stock were exchanged, compared to its average volume of 102,205. Sequans Communications has a 12 month low of $0.90 and a 12 month high of $4.28. The company has a 50-day simple moving average of $2.59 and a 200 day simple moving average of $2.74. The company has a market capitalization of $50.85 million, a P/E ratio of 1.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. Sell-side analysts anticipate that Sequans Communications will post -1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SQNS. Two Sigma Investments LP bought a new stake in Sequans Communications during the fourth quarter valued at $205,000. Manatuck Hill Partners LLC bought a new stake in shares of Sequans Communications during the 4th quarter worth $218,000. Marshall Wace LLP grew its position in Sequans Communications by 473.3% during the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 92,620 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in Sequans Communications in the fourth quarter valued at approximately $1,403,000. Finally, Cigogne Management SA purchased a new stake in shares of Sequans Communications during the fourth quarter valued at approximately $1,643,000. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.