Sequans Communications S.A. (NYSE:SQNS) Sees Large Decrease in Short Interest

Sequans Communications S.A. (NYSE:SQNS) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 60,000 shares, a decline of 43.0% from the January 31st total of 105,300 shares. Based on an average daily trading volume, of 143,000 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Sequans Communications Price Performance

NYSE SQNS traded down $0.12 during trading hours on Tuesday, hitting $2.12. The company had a trading volume of 35,915 shares, compared to its average volume of 118,976. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21. The firm has a market capitalization of $53.30 million, a price-to-earnings ratio of 1.06 and a beta of 0.36. Sequans Communications has a 52 week low of $0.85 and a 52 week high of $4.28. The firm has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.74.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. Equities research analysts expect that Sequans Communications will post -1.05 earnings per share for the current year.

Institutional Investors Weigh In On Sequans Communications

Large investors have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas bought a new position in Sequans Communications in the 3rd quarter worth about $3,451,000. AMH Equity Ltd bought a new position in shares of Sequans Communications in the fourth quarter worth approximately $2,432,000. Marshall Wace LLP raised its stake in Sequans Communications by 473.3% in the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 92,620 shares in the last quarter. Cigogne Management SA bought a new stake in Sequans Communications during the fourth quarter valued at approximately $1,643,000. Finally, Credit Industriel ET Commercial bought a new position in shares of Sequans Communications in the 4th quarter worth $1,403,000. Institutional investors own 63.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.