Sequans Communications S.A. (NYSE:SQNS – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 252,300 shares, a decline of 22.3% from the September 30th total of 324,600 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 655,500 shares, the days-to-cover ratio is currently 0.4 days.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. StockNews.com started coverage on shares of Sequans Communications in a research report on Tuesday, October 8th. They set a “sell” rating for the company. Roth Mkm reiterated a “buy” rating and set a $7.50 price objective on shares of Sequans Communications in a research report on Monday, August 26th.
Get Our Latest Stock Analysis on SQNS
Sequans Communications Stock Performance
Sequans Communications (NYSE:SQNS – Get Free Report) last posted its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) EPS for the quarter, hitting analysts’ consensus estimates of ($0.30). The company had revenue of $9.68 million during the quarter, compared to analyst estimates of $9.70 million. On average, equities analysts anticipate that Sequans Communications will post -1.48 earnings per share for the current year.
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.
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