Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Increases By 30.1%

SuperCom Ltd. (NASDAQ:SPCB) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 13,400 shares, an increase of 30.1% from the October 15th total of 10,300 shares. Based on an average daily volume of 191,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Tuesday.

SuperCom Price Performance

SPCB stock traded up $0.04 during midday trading on Friday, hitting $3.64. The company’s stock had a trading volume of 148,608 shares, compared to its average volume of 253,164. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. The company has a 50 day moving average of $3.47 and a two-hundred day moving average of $1.57. SuperCom has a 12 month low of $2.55 and a 12 month high of $10.90. The firm has a market capitalization of $2.40 million, a price-to-earnings ratio of 9.10 and a beta of 0.11.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $1.80 earnings per share for the quarter. The business had revenue of $7.55 million for the quarter. SuperCom had a net margin of 5.70% and a return on equity of 101.73%.

About SuperCom

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.