SuperCom Ltd. (NASDAQ:SPCB) Short Interest Up 30.8% in February

SuperCom Ltd. (NASDAQ:SPCBGet Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 66,300 shares, a growth of 30.8% from the February 13th total of 50,700 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPCB. StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Maxim Group lifted their price objective on SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st.

Get Our Latest Analysis on SPCB

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SuperCom stock. Virtu Financial LLC acquired a new position in SuperCom Ltd. (NASDAQ:SPCBFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,424 shares of the industrial products company’s stock, valued at approximately $50,000. Virtu Financial LLC owned 0.36% of SuperCom at the end of the most recent quarter. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Trading Down 4.0 %

Shares of SPCB traded down $0.29 during trading hours on Tuesday, hitting $6.87. The company had a trading volume of 55,840 shares, compared to its average volume of 520,845. The firm has a market cap of $20.11 million, a P/E ratio of -31.20 and a beta of 0.19. The stock’s 50 day moving average price is $10.09 and its 200 day moving average price is $5.91. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. SuperCom has a 52-week low of $2.55 and a 52-week high of $18.95.

About SuperCom

(Get Free Report)

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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