SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 214,600 shares, a decline of 22.6% from the December 31st total of 277,300 shares. Currently, 14.8% of the shares of the company are short sold. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 0.2 days.

SuperCom Price Performance

SPCB stock traded up $0.01 during trading on Friday, reaching $11.54. 194,975 shares of the company were exchanged, compared to its average volume of 3,160,240. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10. The stock’s 50 day moving average price is $6.96 and its 200 day moving average price is $4.09. SuperCom has a 52-week low of $2.55 and a 52-week high of $18.95. The company has a market cap of $24.55 million, a P/E ratio of -52.45 and a beta of 0.07.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Maxim Group increased their price objective on SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a research report 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.