Short Interest in SuperCom, Ltd. (NASDAQ:SPCB) Expands By 43.7%

SuperCom, Ltd. (NASDAQ:SPCB) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 121,074 shares, a growth of 43.7% from the February 26th total of 84,245 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily trading volume, of 51,139 shares, the short-interest ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

SPCB has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research report on Friday. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On SuperCom

A number of hedge funds and other institutional investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. acquired a new position in SuperCom during the second quarter worth about $31,000. Corsair Capital Management L.P. purchased a new position in SuperCom during the 2nd quarter valued at about $311,000. Apis Capital Advisors LLC increased its stake in shares of SuperCom by 213.3% during the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of SuperCom in the third quarter valued at $254,000. Finally, LPL Financial LLC acquired a new position in shares of SuperCom in the fourth quarter valued at approximately $92,000. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

SuperCom Stock Down 6.7%

Shares of NASDAQ:SPCB traded down $0.52 during trading hours on Monday, reaching $7.20. The stock had a trading volume of 70,484 shares, compared to its average volume of 77,580. The stock has a market capitalization of $21.10 million, a price-to-earnings ratio of 9.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29. The firm’s 50 day moving average is $8.55 and its 200-day moving average is $9.51. SuperCom has a 1 year low of $5.06 and a 1 year high of $13.57.

About SuperCom

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.