Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 64.0% in April

Sequans Communications S.A. (NYSE:SQNS) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 123,881 shares, a decrease of 64.0% from the April 15th total of 343,679 shares. Based on an average trading volume of 331,667 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SQNS. Boothbay Fund Management LLC lifted its stake in Sequans Communications by 1.5% during the second quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company’s stock worth $2,460,000 after purchasing an additional 25,000 shares during the period. Krilogy Financial LLC bought a new position in Sequans Communications during the third quarter worth about $568,000. Bank of America Corp DE bought a new position in Sequans Communications during the third quarter worth about $26,000. Moore Capital Management LP bought a new position in Sequans Communications during the third quarter worth about $581,000. Finally, Alyeska Investment Group L.P. bought a new position in Sequans Communications during the third quarter worth about $2,590,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

Sequans Communications Stock Performance

Shares of NYSE SQNS traded down $0.19 during mid-day trading on Friday, hitting $4.03. The company had a trading volume of 502,011 shares, compared to its average volume of 309,785. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of 0.42. The business’s 50-day simple moving average is $3.03 and its 200-day simple moving average is $4.37. Sequans Communications has a 12 month low of $2.38 and a 12 month high of $58.30. The firm has a market cap of $57.75 million, a P/E ratio of -0.30 and a beta of 0.66.

Analyst Ratings Changes

A number of research firms have issued reports on SQNS. Wall Street Zen upgraded shares of Sequans Communications from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research cut shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. B. Riley Financial decreased their price target on shares of Sequans Communications from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Sequans Communications in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.33.

More Sequans Communications News

Here are the key news stories impacting Sequans Communications this week:

• Negative Sentiment: Northland Securities lowered earnings estimates across multiple periods, including FY2026 and FY2027, reflecting expectations for deeper losses than previously forecast.
• Negative Sentiment: The analyst also trimmed quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, and Q1-Q4 2027, reinforcing concerns about Sequans’ earnings trajectory.
• Negative Sentiment: A separate note on May 14 reported a lower price target for Sequans Communications SA Depositary Receipt (SQNS), adding to the bearish tone around the stock. Price target decreased

Sequans Communications Company Profile

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.