SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Down 34.1% in October

SuperCom, Ltd. (NASDAQ:SPCB) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 89,200 shares, a decline of 34.1% from the September 30th total of 135,300 shares. Based on an average trading volume of 128,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.5% of the company’s stock are short sold. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 128,300 shares, the days-to-cover ratio is currently 0.7 days.

SuperCom Stock Performance

Shares of NASDAQ SPCB opened at $10.37 on Tuesday. The business’s 50-day moving average price is $10.75 and its two-hundred day moving average price is $9.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 10.29 and a quick ratio of 9.69. SuperCom has a one year low of $3.06 and a one year high of $18.95. The company has a market capitalization of $30.38 million, a P/E ratio of 24.12 and a beta of 1.16.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. SuperCom had a return on equity of 37.28% and a net margin of 11.00%.The business had revenue of $7.14 million for the quarter, compared to the consensus estimate of $6.46 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPCB. Armistice Capital LLC acquired a new position in shares of SuperCom during the 1st quarter worth about $2,421,000. Corsair Capital Management L.P. acquired a new position in shares of SuperCom during the 2nd quarter worth about $311,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of SuperCom during the 2nd quarter worth about $31,000. 47.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen cut SuperCom from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SuperCom has a consensus rating of “Hold” and an average price target of $18.00.

About SuperCom

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.