SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 277,300 shares, a growth of 979.0% from the December 15th total of 25,700 shares. Based on an average daily volume of 934,700 shares, the short-interest ratio is presently 0.3 days. Currently, 19.1% of the shares of the stock are sold short.
SuperCom Stock Performance
SuperCom stock traded down $1.65 during trading hours on Monday, hitting $8.09. The company had a trading volume of 516,524 shares, compared to its average volume of 7,299,578. The firm has a market cap of $5.38 million, a PE ratio of -36.77 and a beta of 0.07. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. SuperCom has a one year low of $2.55 and a one year high of $10.90. The firm has a 50-day moving average of $4.32 and a 200 day moving average of $2.81.
Analyst Ratings Changes
Separately, StockNews.com cut shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th.
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.
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