SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom, Ltd. (NASDAQ:SPCB) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 222,065 shares, an increase of 189.5% from the June 30th total of 76,717 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average trading volume of 84,655 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings raised SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of SuperCom

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in SuperCom in the 2nd quarter worth approximately $31,000. LPL Financial LLC bought a new stake in shares of SuperCom in the fourth quarter valued at approximately $92,000. XTX Topco Ltd bought a new stake in shares of SuperCom in the fourth quarter valued at approximately $141,000. Citadel Advisors LLC acquired a new stake in shares of SuperCom in the third quarter worth $254,000. Finally, Apis Capital Advisors LLC grew its stake in shares of SuperCom by 5.3% in the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 47.81% of the company’s stock.

SuperCom Stock Performance

Shares of SPCB opened at $10.49 on Wednesday. The company has a market capitalization of $58.22 million, a PE ratio of 209.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.96 and a quick ratio of 7.49. SuperCom has a one year low of $7.07 and a one year high of $13.57. The company’s fifty day moving average price is $11.03 and its 200 day moving average price is $9.59.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.47. The company had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $6.34 million. SuperCom had a net margin of 2.98% and a return on equity of 21.03%.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is a technology firm specializing in electronic monitoring, digital identity and secure IoT solutions. The company develops and delivers hardware and software platforms designed to monitor individuals in correctional and pre-trial settings, as well as to provide secure digital identity credentials for governments and commercial clients. SuperCom’s core offerings include GPS and radio frequency (RF) tracking devices, biometric readers, secure communications modules and cloud-based monitoring portals.

In addition to correctional monitoring, SuperCom has expanded into the digital identity and eHealth sectors.