SuperCom, Ltd. (NASDAQ:SPCB) Sees Large Drop in Short Interest

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 74,039 shares, a drop of 31.7% from the December 31st total of 108,425 shares. Based on an average daily volume of 140,419 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.1% of the shares of the stock are sold short. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily volume of 140,419 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

SPCB has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. Wall Street Zen lowered shares of SuperCom from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SuperCom presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SuperCom

A number of hedge funds and other institutional investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. acquired a new position in shares of SuperCom during the second quarter valued at about $31,000. Citadel Advisors LLC acquired a new stake in SuperCom in the third quarter valued at approximately $254,000. Corsair Capital Management L.P. acquired a new stake in shares of SuperCom in the second quarter valued at about $311,000. Finally, Apis Capital Advisors LLC boosted its stake in shares of SuperCom by 213.3% in the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 64,000 shares during the last quarter. Hedge funds and other institutional investors own 47.81% of the company’s stock.

SuperCom Price Performance

SPCB stock opened at $9.50 on Friday. The company has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.83. The stock has a market cap of $27.84 million, a PE ratio of 12.03 and a beta of 0.91. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52. SuperCom has a 12 month low of $5.06 and a 12 month high of $13.69.

SuperCom (NASDAQ:SPCB) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.41. The business had revenue of $6.22 million during the quarter, compared to the consensus estimate of $5.76 million. SuperCom had a return on equity of 34.06% and a net margin of 15.53%.

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.