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

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 121,074 shares, a growth of 43.7% from the February 26th total of 84,245 shares. Based on an average daily volume of 51,139 shares, the short-interest ratio is currently 2.4 days. Currently, 5.1% of the company’s shares are sold short.

Institutional Investors Weigh In On SuperCom

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of SuperCom in the 2nd quarter worth about $31,000. LPL Financial LLC acquired a new position in SuperCom during the 4th quarter valued at about $92,000. XTX Topco Ltd acquired a new position in SuperCom during the 4th quarter valued at about $141,000. Citadel Advisors LLC bought a new stake in SuperCom during the 3rd quarter worth approximately $254,000. Finally, Corsair Capital Management L.P. bought a new stake in SuperCom during the 2nd quarter worth approximately $311,000. 47.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SuperCom Price Performance

Shares of NASDAQ:SPCB opened at $7.72 on Friday. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. SuperCom has a twelve month low of $5.06 and a twelve month high of $13.57. The stock’s 50 day moving average is $8.55 and its 200-day moving average is $9.51. The firm has a market capitalization of $22.62 million, a price-to-earnings ratio of 9.77 and a beta of 0.95.

SuperCom Company Profile

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.