SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Down 50.9% in July

SuperCom, Ltd. (NASDAQ:SPCB) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 108,985 shares, a decrease of 50.9% from the July 15th total of 222,065 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 75,420 shares, the short-interest ratio is currently 1.4 days.

Analysts Set New Price Targets

A number of brokerages recently commented on SPCB. Weiss Ratings raised 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 research note on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of SuperCom

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of SuperCom during the 2nd quarter valued at about $31,000. Apis Capital Advisors LLC boosted its position in SuperCom by 5.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after purchasing an additional 5,000 shares during the period. Corsair Capital Management L.P. boosted its position in SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 8,571 shares during the period. LPL Financial LLC acquired a new position in SuperCom during the fourth quarter valued at approximately $92,000. Finally, XTX Topco Ltd acquired a new position in SuperCom during the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Stock Down 3.4%

Shares of NASDAQ SPCB traded down $0.38 during trading hours on Tuesday, hitting $10.71. The stock had a trading volume of 53,395 shares, compared to its average volume of 80,513. The firm’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $9.82. SuperCom has a 52 week low of $7.07 and a 52 week high of $13.57. The company has a market capitalization of $59.44 million, a P/E ratio of 6.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.49 and a current ratio of 7.96.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.24. The firm had revenue of $8.09 million during the quarter, compared to analysts’ expectations of $7.15 million. SuperCom had a net margin of 2.92% and a return on equity of 21.28%.

About SuperCom

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.