SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 222,065 shares, an increase of 189.5% from the June 30th total of 76,717 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 84,655 shares, the days-to-cover ratio is currently 2.6 days.

SuperCom Price Performance

SPCB stock traded up $0.02 during mid-day trading on Monday, hitting $10.73. The company had a trading volume of 57,256 shares, compared to its average volume of 78,817. The company has a market capitalization of $59.55 million, a price-to-earnings ratio of 214.62 and a beta of 1.16. SuperCom has a 12-month low of $7.07 and a 12-month high of $13.57. The company has a quick ratio of 7.49, a current ratio of 7.96 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $11.03 and a 200 day moving average price of $9.56.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.47. SuperCom had a return on equity of 21.03% and a net margin of 2.98%.The firm had revenue of $7.48 million during the quarter, compared to analyst estimates of $6.34 million.

Analyst Ratings Changes

SPCB has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SuperCom currently has a consensus rating of “Sell”.

Institutional Trading of SuperCom

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of SuperCom during the 2nd quarter valued at approximately $31,000. Citadel Advisors LLC bought a new position in SuperCom during the third quarter valued at $254,000. LPL Financial LLC purchased a new position in shares of SuperCom in the 4th quarter worth $92,000. Stifel Financial Corp increased its holdings in shares of SuperCom by 310.5% in the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 88,500 shares during the last quarter. Finally, Corsair Capital Management L.P. increased its holdings in shares of SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 8,571 shares during the last quarter. 47.81% of the stock is owned by hedge funds and other institutional investors.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is a technology firm specializing in electronic monitoring, digital identity and secure IoT solutions. The company develops and delivers hardware and software platforms designed to monitor individuals in correctional and pre-trial settings, as well as to provide secure digital identity credentials for governments and commercial clients. SuperCom’s core offerings include GPS and radio frequency (RF) tracking devices, biometric readers, secure communications modules and cloud-based monitoring portals.

In addition to correctional monitoring, SuperCom has expanded into the digital identity and eHealth sectors.