SuperCom Ltd. (NASDAQ:SPCB) Short Interest Up 30.1% in October

SuperCom Ltd. (NASDAQ:SPCB) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 13,400 shares, an increase of 30.1% from the October 15th total of 10,300 shares. Based on an average daily volume of 191,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.9% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a report on Tuesday.

SuperCom Stock Performance

SPCB traded up $0.04 during trading hours on Friday, hitting $3.64. The stock had a trading volume of 148,608 shares, compared to its average volume of 253,164. SuperCom has a 1 year low of $2.55 and a 1 year high of $10.90. The company’s fifty day simple moving average is $3.47 and its 200 day simple moving average is $1.57. The stock has a market cap of $2.40 million, a PE ratio of 9.10 and a beta of 0.11. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $1.80 EPS for the quarter. SuperCom had a net margin of 5.70% and a return on equity of 101.73%. The company had revenue of $7.55 million for the quarter.

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.