SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 69,900 shares, a decrease of 31.1% from the August 31st total of 101,500 shares. Based on an average daily volume of 221,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.5% of the shares of the company are sold short.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC increased its position in shares of SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,400,000 shares of the industrial products company’s stock after purchasing an additional 1,739,000 shares during the period. Armistice Capital LLC owned approximately 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 47.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on SuperCom in a research report on Tuesday, August 27th. They issued a “hold” rating for the company.

SuperCom Stock Performance

SuperCom stock traded up $0.07 during mid-day trading on Friday, hitting $3.82. 314,330 shares of the company’s stock traded hands, compared to its average volume of 280,697. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. The firm has a 50 day simple moving average of $1.61 and a two-hundred day simple moving average of $0.57. SuperCom has a fifty-two week low of $2.55 and a fifty-two week high of $22.60. The stock has a market cap of $2.52 million, a price-to-earnings ratio of -15.28 and a beta of 0.06.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, August 15th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $7.55 million during the quarter. SuperCom had a net margin of 5.70% and a return on equity of 101.73%.

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.