Sequans Communications S.A. (NYSE:SQNS) Short Interest Update

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

Hedge Funds Weigh In On Sequans Communications

Large investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications during the 3rd quarter valued at about $3,451,000. AMH Equity Ltd bought a new stake in shares of Sequans Communications in the 4th quarter worth approximately $2,432,000. Two Sigma Investments LP bought a new stake in shares of Sequans Communications in the 4th quarter worth approximately $205,000. Marshall Wace LLP grew its position in shares of Sequans Communications by 473.3% in the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock worth $392,000 after buying an additional 92,620 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Sequans Communications during the 4th quarter valued at $218,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Stock Performance

Shares of SQNS remained flat at $2.37 during trading hours on Friday. The stock had a trading volume of 80,743 shares, compared to its average volume of 122,216. The company has a market capitalization of $59.58 million, a PE ratio of 1.19 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21. Sequans Communications has a 12-month low of $0.85 and a 12-month high of $4.28. The firm’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $2.73.

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

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.