Short Interest in SuperCom, Ltd. (NASDAQ:SPCB) Grows By 189.5%

SuperCom, Ltd. (NASDAQ:SPCB) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 222,065 shares, a growth of 189.5% from the June 30th total of 76,717 shares. Based on an average trading volume of 84,655 shares, the short-interest ratio is presently 2.6 days. Currently, 4.9% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SPCB shares. Weiss Ratings upgraded SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SuperCom has an average rating of “Sell”.

SuperCom Stock Performance

SPCB stock opened at $10.57 on Tuesday. SuperCom has a one year low of $7.07 and a one year high of $13.57. The firm has a market cap of $58.69 million, a price-to-earnings ratio of 211.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.49 and a current ratio of 7.96. The firm has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $9.58.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.47. The firm had revenue of $7.48 million for the quarter, compared to the consensus estimate of $6.34 million. SuperCom had a net margin of 2.98% and a return on equity of 21.03%.

Hedge Funds Weigh In On SuperCom

Several institutional investors and hedge funds have recently bought and sold shares of SPCB. XTX Topco Ltd acquired a new position in shares of SuperCom during the fourth quarter worth $141,000. Citadel Advisors LLC purchased a new stake in shares of SuperCom during the 3rd quarter valued at $254,000. Stifel Financial Corp boosted its position in shares of SuperCom by 310.5% in the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 88,500 shares in the last quarter. Corsair Capital Management L.P. boosted its position in shares of SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 8,571 shares in the last quarter. Finally, Apis Capital Advisors LLC grew its stake in SuperCom by 5.3% during the 4th quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after buying an additional 5,000 shares during the last quarter. 47.81% of the stock is owned by hedge funds and other institutional investors.

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.