SuperCom Ltd. (NASDAQ:SPCB) Sees Large Increase in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,400 shares, an increase of 30.1% from the October 15th total of 10,300 shares. Based on an average daily trading volume, of 191,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Tuesday.

SuperCom Price Performance

Shares of SPCB traded up $0.04 during mid-day trading on Friday, reaching $3.64. 148,608 shares of the stock traded hands, compared to its average volume of 253,164. The company has a market cap of $2.40 million, a price-to-earnings ratio of 9.10 and a beta of 0.11. SuperCom has a 1 year low of $2.55 and a 1 year high of $10.90. The firm has a fifty day moving average price of $3.47 and a 200 day moving average price of $1.57. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $1.80 earnings per share (EPS) for the quarter. The company had revenue of $7.55 million during the quarter. SuperCom had a return on equity of 101.73% and a net margin of 5.70%.

SuperCom Company Profile

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.