SuperCom Ltd. (NASDAQ:SPCB) Sees Significant Growth in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 25,700 shares, a growth of 56.7% from the November 30th total of 16,400 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 98,600 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th.

SuperCom Trading Up 3.5 %

SPCB stock traded up $0.13 during mid-day trading on Friday, reaching $3.84. 226,576 shares of the stock traded hands, compared to its average volume of 234,676. SuperCom has a one year low of $2.55 and a one year high of $10.90. The stock has a market capitalization of $2.55 million, a PE ratio of -17.45 and a beta of 0.14. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10. The business has a 50-day moving average price of $3.46 and a two-hundred day moving average price of $2.28.

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.