SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 66,300 shares, an increase of 30.8% from the February 13th total of 50,700 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SPCB shares. StockNews.com cut SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Maxim Group upped their target price on shares of SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SuperCom stock. Renaissance Technologies LLC acquired a new position in SuperCom Ltd. (NASDAQ:SPCB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned approximately 0.35% of SuperCom at the end of the most recent reporting period. 47.81% of the stock is owned by institutional investors and hedge funds.

SuperCom Stock Up 2.4 %

SuperCom stock traded up $0.18 during mid-day trading on Monday, hitting $7.59. The company had a trading volume of 5,624 shares, compared to its average volume of 522,280. The company has a market capitalization of $22.24 million, a PE ratio of -34.50 and a beta of 0.19. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11. SuperCom has a 12 month low of $2.55 and a 12 month high of $18.95. The stock’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $5.88.

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.