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

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 121,074 shares, an increase of 43.7% from the February 26th total of 84,245 shares. Currently, 5.1% of the company’s stock are short sold. Based on an average daily volume of 51,139 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On SuperCom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in SuperCom during the 2nd quarter valued at $31,000. Apis Capital Advisors LLC boosted its stake in shares of SuperCom by 5.3% in the 4th quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after buying an additional 5,000 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in shares of SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 8,571 shares during the last quarter. LPL Financial LLC bought a new stake in shares of SuperCom in the fourth quarter worth $92,000. Finally, XTX Topco Ltd bought a new stake in shares of SuperCom in the fourth quarter worth $141,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.

SuperCom Stock Down 4.2%

SuperCom stock opened at $7.72 on Friday. SuperCom has a 12 month low of $5.06 and a 12 month high of $13.57. The stock has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $9.51. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.62 million, a price-to-earnings ratio of 9.77 and a beta of 0.95.

Analysts Set New Price Targets

Several analysts recently commented on SPCB shares. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SuperCom presently has an average rating of “Sell”.

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.