SuperCom, Ltd. (NASDAQ:SPCB) Sees Significant Growth in Short Interest

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 144,335 shares, an increase of 75.7% from the September 15th total of 82,127 shares. Based on an average daily volume of 57,056 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in SuperCom stock. Apis Capital Advisors LLC grew its stake in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,000 shares of the industrial products company’s stock after buying an additional 5,000 shares during the period. Apis Capital Advisors LLC owned approximately 3.38% of SuperCom worth $896,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Stock Performance

Shares of SuperCom stock traded up $0.14 during midday trading on Thursday, hitting $9.10. The company had a trading volume of 60,936 shares, compared to its average volume of 78,469. SuperCom has a 1-year low of $7.07 and a 1-year high of $12.87. The business’s 50 day simple moving average is $10.03 and its two-hundred day simple moving average is $10.22. The stock has a market cap of $50.48 million, a PE ratio of 5.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.75 and a quick ratio of 5.18.

SuperCom (NASDAQ:SPCB) last released its earnings results on Thursday, August 13th. The industrial products company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.28 by $0.24. SuperCom had a net margin of 2.92% and a return on equity of 20.20%. The firm had revenue of $8.09 million during the quarter, compared to analysts’ expectations of $7.15 million.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, SuperCom presently has a consensus rating of “Sell”.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is an Israeli technology company that develops secure solutions for the government, public safety and electronic monitoring markets. Its products are designed to support agencies responsible for offender supervision, domestic violence prevention, corrections, public safety and related social-service programs.

The company’s offerings include electronic monitoring systems, location and tracking technologies, biometric identification tools, case-management software and mobile applications.