SuperCom Ltd. (NASDAQ:SPCB) Short Interest Down 18.5% in July

SuperCom Ltd. (NASDAQ:SPCB) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 435,500 shares, a decline of 18.5% from the June 30th total of 534,200 shares. Based on an average daily volume of 5,110,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC boosted its position in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,400,000 shares of the industrial products company’s stock after acquiring an additional 1,739,000 shares during the period. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. 47.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of SuperCom in a research report on Friday. They set a “sell” rating on the stock.

SuperCom Stock Up 7.5 %

Shares of NASDAQ:SPCB traded up $0.01 during mid-day trading on Tuesday, hitting $0.20. 10,557,820 shares of the company traded hands, compared to its average volume of 5,624,736. The stock has a market cap of $2.72 million, a P/E ratio of -0.76 and a beta of 0.08. The stock has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.20. SuperCom has a 12-month low of $0.15 and a 12-month high of $1.19. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05.

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

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.