SuperCom Ltd. (NASDAQ:SPCB) Sees Significant Decline in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 50,700 shares, a drop of 56.3% from the January 31st total of 115,900 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Trading of SuperCom

A hedge fund recently bought a new stake in SuperCom stock. Virtu Financial LLC bought a new stake in shares of SuperCom Ltd. (NASDAQ:SPCB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,424 shares of the industrial products company’s stock, valued at approximately $50,000. Virtu Financial LLC owned about 0.36% of SuperCom at the end of the most recent reporting period. 47.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPCB has been the subject of several recent research reports. StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Maxim Group increased their target price on shares of SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 21st.

SuperCom Price Performance

SuperCom stock opened at $8.93 on Friday. The stock has a market cap of $26.16 million, a P/E ratio of -40.59 and a beta of 0.20. 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 company’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $5.35. SuperCom has a 52 week low of $2.55 and a 52 week high of $18.95.

SuperCom Company Profile

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.