Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 43.0% in February

Sequans Communications S.A. (NYSE:SQNS) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 60,000 shares, a drop of 43.0% from the January 31st total of 105,300 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 143,000 shares, the short-interest ratio is currently 0.4 days.

Sequans Communications Stock Down 4.9 %

Shares of SQNS traded down $0.12 on Monday, hitting $2.25. 96,702 shares of the stock traded hands, compared to its average volume of 121,578. The company has a market capitalization of $56.44 million, a PE ratio of 1.12 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21. The business has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.74. Sequans Communications has a one year low of $0.85 and a one year high of $4.28.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. As a group, equities analysts forecast that Sequans Communications will post -1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Sequans Communications

Several institutional investors and hedge funds have recently made changes to their positions in SQNS. Two Sigma Investments LP bought a new stake in Sequans Communications in the 4th quarter worth approximately $205,000. Manatuck Hill Partners LLC bought a new stake in Sequans Communications in the 4th quarter worth approximately $218,000. Marshall Wace LLP grew its position in Sequans Communications by 473.3% in the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 92,620 shares during the period. Credit Industriel ET Commercial bought a new stake in Sequans Communications in the 4th quarter worth approximately $1,403,000. Finally, Cigogne Management SA bought a new stake in Sequans Communications in the 4th quarter worth approximately $1,643,000. Institutional investors own 63.33% of the company’s stock.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.