Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Decreases By 17.6%

SuperCom Ltd. (NASDAQ:SPCB – Get Rating) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 518,200 shares, a decline of 17.6% from the March 31st total of 628,700 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is presently 0.2 days.

SPCB stock opened at $0.43 on Wednesday. SuperCom has a 52 week low of $0.40 and a 52 week high of $1.57. The company has a debt-to-equity ratio of 6.93, a current ratio of 4.66 and a quick ratio of 4.02. The company’s 50-day moving average price is $0.53 and its 200 day moving average price is $0.61.

SuperCom (NASDAQ:SPCB – Get Rating) last announced its quarterly earnings results on Thursday, March 31st. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $3.03 million for the quarter, compared to the consensus estimate of $3.20 million. On average, research analysts expect that SuperCom will post -0.11 earnings per share for the current fiscal year.

Separately, StockNews.com began coverage on shares of SuperCom in a research note on Monday. They set a “sell” rating on the stock.

SuperCom Company Profile (Get Rating)

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.

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