Short Interest in Sequans Communications S.A. (NYSE:SQNS) Grows By 34.7%

Sequans Communications S.A. (NYSE:SQNS) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 49,300 shares, an increase of 34.7% from the February 28th total of 36,600 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 113,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Sequans Communications

Several institutional investors have recently modified their holdings of SQNS. Oddo BHF Asset Management Sas bought a new position in Sequans Communications during the 3rd quarter valued at about $3,451,000. AMH Equity Ltd bought a new position in Sequans Communications in the fourth quarter valued at about $2,432,000. Two Sigma Investments LP purchased a new position in Sequans Communications in the fourth quarter worth about $205,000. Marshall Wace LLP increased its position in shares of Sequans Communications by 473.3% during the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 92,620 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Sequans Communications in the 4th quarter worth approximately $218,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Stock Up 0.2 %

NYSE:SQNS traded up $0.01 on Monday, reaching $2.08. 24,453 shares of the stock traded hands, compared to its average volume of 246,985. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $51.10 million, a price-to-earnings ratio of 1.04 and a beta of 0.51. Sequans Communications has a 12 month low of $0.85 and a 12 month high of $4.28. The company’s fifty day simple moving average is $2.63 and its 200 day simple moving average is $2.75.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. Equities analysts predict that Sequans Communications will post -1.05 EPS for the current fiscal year.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.