Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Grows By 56.7%

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 25,700 shares, an increase of 56.7% from the November 30th total of 16,400 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 98,600 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th.

SuperCom Stock Up 69.3 %

Shares of SPCB stock traded up $2.66 during trading on Monday, reaching $6.50. The company’s stock had a trading volume of 1,630,483 shares, compared to its average volume of 238,403. The company has a market capitalization of $4.32 million, a price-to-earnings ratio of -29.54 and a beta of 0.14. SuperCom has a 1-year low of $2.55 and a 1-year high of $10.90. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. The stock’s 50-day moving average price is $3.46 and its 200 day moving average price is $2.28.

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.