SuperCom, Ltd. (NASDAQ:SPCB) Short Interest Up 14.4% in April

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 123,441 shares, a growth of 14.4% from the March 31st total of 107,889 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 32,901 shares, the short-interest ratio is presently 3.8 days.

SuperCom Stock Performance

Shares of SPCB stock opened at $9.81 on Friday. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. SuperCom has a 52 week low of $5.43 and a 52 week high of $13.57. The stock has a market capitalization of $28.74 million, a PE ratio of 9.71 and a beta of 0.91. The firm has a 50 day moving average of $8.43 and a two-hundred day moving average of $9.04.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.47. SuperCom had a net margin of 15.53% and a return on equity of 34.06%. The company had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $6.34 million.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPCB shares. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a report on Friday, March 27th. Wall Street Zen downgraded shares of SuperCom from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SuperCom currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On SuperCom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in SuperCom in the 2nd quarter valued at approximately $31,000. LPL Financial LLC purchased a new position in SuperCom in the 4th quarter valued at approximately $92,000. XTX Topco Ltd purchased a new position in SuperCom in the 4th quarter valued at approximately $141,000. Citadel Advisors LLC purchased a new position in SuperCom in the 3rd quarter valued at approximately $254,000. Finally, Apis Capital Advisors LLC boosted its position in SuperCom by 213.3% in the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 64,000 shares during the period. Hedge funds and other institutional investors own 47.81% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is a technology firm specializing in electronic monitoring, digital identity and secure IoT solutions. The company develops and delivers hardware and software platforms designed to monitor individuals in correctional and pre-trial settings, as well as to provide secure digital identity credentials for governments and commercial clients. SuperCom’s core offerings include GPS and radio frequency (RF) tracking devices, biometric readers, secure communications modules and cloud-based monitoring portals.

In addition to correctional monitoring, SuperCom has expanded into the digital identity and eHealth sectors.