SuperCom Ltd. (NASDAQ:SPCB) Short Interest Down 56.3% in February

SuperCom Ltd. (NASDAQ:SPCB) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 50,700 shares, a drop of 56.3% from the January 31st total of 115,900 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.9% of the company’s shares are short sold.

Analyst Ratings Changes

SPCB has been the topic of a number of research reports. StockNews.com downgraded shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Maxim Group upped their price objective on shares of SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 21st.

Hedge Funds Weigh In On SuperCom

An institutional investor recently bought a new position in SuperCom stock. Renaissance Technologies LLC acquired a new stake in SuperCom Ltd. (NASDAQ:SPCB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned approximately 0.35% of SuperCom at the end of the most recent quarter. 47.81% of the stock is currently owned by institutional investors and hedge funds.

SuperCom Stock Up 3.0 %

Shares of NASDAQ:SPCB opened at $8.93 on Friday. The firm has a market cap of $26.16 million, a P/E ratio of -40.59 and a beta of 0.20. SuperCom has a 52-week low of $2.55 and a 52-week high of $18.95. The business’s 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $5.35. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10.

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.