Short Interest in Sequans Communications S.A. (NYSE:SQNS) Decreases By 18.7%

Sequans Communications S.A. (NYSE:SQNS) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 40,100 shares, a decline of 18.7% from the March 15th total of 49,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 93,800 shares, the short-interest ratio is currently 0.4 days.

Sequans Communications Stock Performance

Sequans Communications stock remained flat at $1.91 during mid-day trading on Friday. The company’s stock had a trading volume of 11,023 shares, compared to its average volume of 241,903. The stock has a fifty day moving average price of $2.22 and a 200-day moving average price of $2.67. Sequans Communications has a 52 week low of $0.95 and a 52 week high of $4.28. The stock has a market capitalization of $47.04 million, a price-to-earnings ratio of 0.96 and a beta of 0.60. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Sequans Communications had a return on equity of 186.78% and a net margin of 154.81%. As a group, equities research analysts anticipate that Sequans Communications will post -1.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SQNS. Oddo BHF Asset Management Sas purchased a new stake in Sequans Communications in the 3rd quarter valued at approximately $3,451,000. AMH Equity Ltd acquired a new position in Sequans Communications during the fourth quarter worth $2,432,000. Marshall Wace LLP raised its position in Sequans Communications by 473.3% in the fourth 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 in the last quarter. Cigogne Management SA acquired a new stake in Sequans Communications in the fourth quarter valued at $1,643,000. Finally, Credit Industriel ET Commercial purchased a new stake in shares of Sequans Communications during the 4th quarter worth $1,403,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

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.