SuperCom Ltd. (NASDAQ:SPCB) Short Interest Down 18.5% in July

SuperCom Ltd. (NASDAQ:SPCB) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 435,500 shares, a decline of 18.5% from the June 30th total of 534,200 shares. Based on an average daily volume of 5,110,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of SuperCom in a research report on Friday. They set a “sell” rating for the company.

SuperCom Stock Performance

Shares of SPCB stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.20. 10,557,820 shares of the company’s stock traded hands, compared to its average volume of 5,624,736. SuperCom has a 12 month low of $0.15 and a 12 month high of $1.19. The firm has a 50 day moving average price of $0.19 and a two-hundred day moving average price of $0.20. The firm has a market capitalization of $2.72 million, a PE ratio of -0.76 and a beta of 0.08. The company has a debt-to-equity ratio of 7.05, a quick ratio of 4.81 and a current ratio of 5.27.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Wednesday, May 15th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. SuperCom had a positive return on equity of 99.92% and a negative net margin of 6.33%. The business had revenue of $6.85 million during the quarter.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC increased its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400,000 shares of the industrial products company’s stock after purchasing an additional 1,739,000 shares during the period. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. 47.81% of the stock is owned by institutional investors.

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.