SuperCom Ltd. (NASDAQ:SPCB) Sees Significant Increase in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 25,700 shares, an increase of 56.7% from the November 30th total of 16,400 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 98,600 shares, the days-to-cover ratio is currently 0.3 days.

SuperCom Trading Up 3.5 %

Shares of SPCB traded up $0.13 during trading hours on Friday, reaching $3.84. 226,576 shares of the company traded hands, compared to its average volume of 234,676. The stock’s fifty day moving average price is $3.46 and its 200 day moving average price is $2.28. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11. The firm has a market cap of $2.55 million, a price-to-earnings ratio of -17.45 and a beta of 0.14. SuperCom has a 12-month low of $2.55 and a 12-month high of $10.90.

Analyst Ratings Changes

Separately, StockNews.com cut SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th.

About SuperCom

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.