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

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant growth in short interest in the month of 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. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On SuperCom

A hedge fund recently bought a new stake in SuperCom stock. Renaissance Technologies LLC acquired a new stake in shares of SuperCom Ltd. (NASDAQ:SPCB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned 0.35% of SuperCom as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 47.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPCB shares. Maxim Group raised their price target on SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th.

SuperCom Price Performance

NASDAQ:SPCB traded down $0.29 during trading hours on Tuesday, hitting $6.87. 55,840 shares of the company’s stock traded hands, 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. SuperCom has a 52 week low of $2.55 and a 52 week high of $18.95. The business’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average 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.

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.