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

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 48,000 shares, an increase of 258.2% from the October 31st total of 13,400 shares. Based on an average trading volume of 117,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 3.1% of the shares of the company are sold short.

SuperCom Stock Performance

Shares of SPCB traded down $0.16 during midday trading on Thursday, reaching $3.47. 37,132 shares of the stock were exchanged, compared to its average volume of 246,858. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. The stock’s 50 day simple moving average is $3.55 and its 200 day simple moving average is $1.77. SuperCom has a twelve month low of $2.55 and a twelve month high of $10.90. The company has a market cap of $2.29 million, a P/E ratio of -15.77 and a beta of 0.11.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

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.