SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a significant increase in short interest during 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. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

SPCB has been the topic of several analyst reports. StockNews.com cut shares of SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Maxim Group boosted their price objective on shares of SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st.

Hedge Funds Weigh In On SuperCom

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

SuperCom Price Performance

SPCB stock opened at $6.90 on Wednesday. The firm has a market cap of $20.22 million, a price-to-earnings ratio of -31.36 and a beta of 0.19. 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 has a 12-month low of $2.55 and a 12-month high of $18.95. The company’s fifty day simple moving average is $10.04 and its 200 day simple moving average is $5.94.

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.