Sequans Communications S.A. (NYSE:SQNS) Short Interest Update

Sequans Communications S.A. (NYSE:SQNS) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 60,000 shares, a decrease of 43.0% from the January 31st total of 105,300 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 143,000 shares, the days-to-cover ratio is currently 0.4 days.

Sequans Communications Price Performance

NYSE SQNS remained flat at $2.37 on Friday. The company had a trading volume of 80,743 shares, compared to its average volume of 122,216. The stock has a market capitalization of $59.58 million, a PE ratio of 1.19 and a beta of 0.36. The business has a 50-day moving average price of $3.03 and a two-hundred day moving average price of $2.73. Sequans Communications has a twelve month low of $0.85 and a twelve month high of $4.28. The company has a quick ratio of 2.13, a current ratio of 2.21 and a debt-to-equity ratio of 0.01.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a return on equity of 186.78% and a net margin of 154.81%. On average, research analysts expect that Sequans Communications will post -1.05 EPS for the current year.

Institutional Investors Weigh In On Sequans Communications

Several large investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new position in shares of Sequans Communications during the 4th quarter worth $205,000. Manatuck Hill Partners LLC bought a new position in shares of Sequans Communications during the 4th quarter worth $218,000. Marshall Wace LLP grew its stake in shares of Sequans Communications by 473.3% during the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 92,620 shares during the period. Credit Industriel ET Commercial bought a new position in shares of Sequans Communications during the 4th quarter worth $1,403,000. Finally, Cigogne Management SA bought a new position in shares of Sequans Communications during the 4th quarter worth $1,643,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.