SuperCom Ltd. (NASDAQ:SPCB) Sees Significant Growth in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 277,300 shares, an increase of 979.0% from the December 31st total of 25,700 shares. Based on an average daily trading volume, of 934,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 19.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities analysts have 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 boosted their price target on SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st.

SuperCom Price Performance

NASDAQ:SPCB traded down $1.32 during trading hours on Tuesday, reaching $12.24. The company had a trading volume of 537,020 shares, compared to its average volume of 3,690,978. The stock has a 50-day moving average of $6.07 and a two-hundred day moving average of $3.66. 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 firm has a market capitalization of $26.08 million, a PE ratio of -55.41 and a beta of 0.07. SuperCom has a one year low of $2.55 and a one year high of $18.95.

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.