Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Rises By 122.8%

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 524,700 shares, an increase of 122.8% from the May 15th total of 235,500 shares. Based on an average trading volume of 9,730,000 shares, the days-to-cover ratio is presently 0.1 days.

SuperCom Price Performance

Shares of SuperCom stock remained flat at $0.19 on Friday. The stock had a trading volume of 1,173,205 shares, compared to its average volume of 2,786,006. The firm has a market capitalization of $2.55 million, a PE ratio of 0.30 and a beta of 0.07. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05. The business’s 50-day simple moving average is $0.22 and its 200-day simple moving average is $0.25. SuperCom has a 12 month low of $0.15 and a 12 month high of $1.27.

SuperCom (NASDAQ:SPCB) last released its earnings results on Wednesday, May 15th. The industrial products company reported $0.07 EPS for the quarter. The company had revenue of $6.85 million during the quarter. SuperCom had a positive return on equity of 99.92% and a negative net margin of 6.33%.

Hedge Funds Weigh In On SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC grew its holdings in shares of SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,400,000 shares of the industrial products company’s stock after buying an additional 1,739,000 shares during the quarter. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. Institutional investors own 47.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on SuperCom in a report on Saturday, June 8th. They issued a “sell” rating for the company.

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.