SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 435,500 shares, a decrease of 18.5% from the June 30th total of 534,200 shares. Based on an average daily trading volume, of 5,110,000 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On SuperCom
A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC lifted its position in shares of SuperCom Ltd. (NASDAQ:SPCB – Free Report) by 263.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities & Exchange Commission. 47.81% of the stock is currently owned by institutional investors.
SuperCom Price Performance
Shares of NASDAQ SPCB remained flat at $0.17 on Friday. 607,686 shares of the company’s stock were exchanged, compared to its average volume of 1,655,503. SuperCom has a fifty-two week low of $0.15 and a fifty-two week high of $1.19. The company has a 50 day moving average of $0.19 and a 200 day moving average of $0.21. The stock has a market cap of $2.32 million, a P/E ratio of -0.70 and a beta of 0.08. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of SuperCom in a research note on Friday. They issued a “sell” rating for the company.
Check Out Our Latest Report on SPCB
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.
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