Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Increases By 30.1%

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,400 shares, a growth of 30.1% from the October 15th total of 10,300 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 191,700 shares, the days-to-cover ratio is presently 0.1 days.

SuperCom Stock Performance

Shares of SPCB traded up $0.04 during mid-day trading on Friday, reaching $3.64. The company had a trading volume of 148,608 shares, compared to its average volume of 253,164. The stock has a 50 day moving average of $3.47 and a two-hundred day moving average of $1.57. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $2.40 million, a P/E ratio of 9.10 and a beta of 0.11. SuperCom has a 52-week low of $2.55 and a 52-week high of $10.90.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, August 15th. The industrial products company reported $1.80 earnings per share for the quarter. SuperCom had a net margin of 5.70% and a return on equity of 101.73%. The firm had revenue of $7.55 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a report on Tuesday.

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.