Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 39.0% in February

Sequans Communications S.A. (NYSE:SQNS) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 36,600 shares, a drop of 39.0% from the February 13th total of 60,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 120,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications during the 3rd quarter worth $3,451,000. AMH Equity Ltd bought a new stake in shares of Sequans Communications during the 4th quarter valued at $2,432,000. Two Sigma Investments LP bought a new stake in shares of Sequans Communications during the 4th quarter valued at $205,000. Marshall Wace LLP raised its position 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 valued at $392,000 after purchasing an additional 92,620 shares during the period. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Sequans Communications during the 4th quarter valued at $218,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Stock Performance

SQNS stock traded down $0.02 on Friday, hitting $2.22. The company had a trading volume of 104,805 shares, compared to its average volume of 250,517. Sequans Communications has a 12-month low of $0.85 and a 12-month high of $4.28. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $2.82 and its 200 day simple moving average is $2.77. The stock has a market cap of $54.55 million, a price-to-earnings ratio of 1.11 and a beta of 0.51.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. As a group, equities research analysts expect that Sequans Communications will post -1.05 earnings per share for the current fiscal year.

About Sequans Communications

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.