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

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,400 shares, a growth 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 presently 0.1 days. Currently, 0.9% of the company’s shares are sold short.

Analyst Ratings Changes

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

SuperCom Trading Up 1.1 %

NASDAQ:SPCB traded up $0.04 on Friday, hitting $3.64. 148,608 shares of the stock were exchanged, compared to its average volume of 253,164. The stock has a market capitalization of $2.40 million, a price-to-earnings ratio of 9.10 and a beta of 0.11. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10. SuperCom has a 52 week low of $2.55 and a 52 week high of $10.90. The company’s 50-day moving average price is $3.47 and its 200 day moving average price is $1.57.

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

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.