SuperCom Ltd. (NASDAQ:SPCB) Short Interest Down 56.3% in February

SuperCom Ltd. (NASDAQ:SPCB) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 50,700 shares, a drop of 56.3% from the January 31st total of 115,900 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 0.0 days.

SuperCom Stock Up 3.0 %

Shares of NASDAQ SPCB traded up $0.26 during mid-day trading on Friday, reaching $8.93. 173,253 shares of the company were exchanged, compared to its average volume of 1,806,496. SuperCom has a 1 year low of $2.55 and a 1 year high of $18.95. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. The stock has a market cap of $26.16 million, a price-to-earnings ratio of -40.59 and a beta of 0.20. The firm has a 50-day moving average of $9.63 and a 200 day moving average of $5.45.

Hedge Funds Weigh In On SuperCom

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPCB. StockNews.com cut shares of SuperCom from a “hold” rating to a “sell” rating in a research report 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.

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.