Short Interest in Sequans Communications S.A. (NYSE:SQNS) Declines By 39.0%

Sequans Communications S.A. (NYSE:SQNS) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 36,600 shares, a decline of 39.0% from the February 13th total of 60,000 shares. Based on an average daily trading volume, of 120,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Sequans Communications

Several institutional investors and hedge funds have recently modified their holdings of SQNS. Oddo BHF Asset Management Sas bought a new position in shares of Sequans Communications during the third quarter valued at approximately $3,451,000. AMH Equity Ltd purchased a new stake in shares of Sequans Communications during the 4th quarter valued at about $2,432,000. Marshall Wace LLP grew its position in 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 purchasing an additional 92,620 shares during the period. Cigogne Management SA bought a new stake in shares of Sequans Communications in the fourth quarter worth $1,643,000. Finally, Credit Industriel ET Commercial bought a new stake in shares of Sequans Communications during the 4th quarter valued at about $1,403,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Trading Up 1.1 %

Shares of SQNS stock traded up $0.03 during mid-day trading on Monday, reaching $2.26. The stock had a trading volume of 35,886 shares, compared to its average volume of 249,723. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $2.82 and its two-hundred day moving average price is $2.77. The firm has a market capitalization of $55.53 million, a PE ratio of 1.13 and a beta of 0.51. Sequans Communications has a 52-week low of $0.85 and a 52-week high of $4.28.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping 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%. Equities analysts expect that Sequans Communications will post -1.05 earnings per share for the current fiscal 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.