SuperCom Ltd. (NASDAQ:SPCB) Short Interest Up 979.0% in December

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 277,300 shares, a growth of 979.0% from the December 15th total of 25,700 shares. Based on an average trading volume of 934,700 shares, the short-interest ratio is currently 0.3 days. Approximately 19.1% of the company’s shares are sold short.

SuperCom Stock Performance

Shares of NASDAQ SPCB traded down $1.65 during midday trading on Monday, hitting $8.09. The company’s stock had a trading volume of 516,524 shares, compared to its average volume of 7,299,578. The stock has a fifty day moving average price of $4.32 and a 200 day moving average price of $2.81. SuperCom has a one year low of $2.55 and a one year high of $10.90. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $5.38 million, a price-to-earnings ratio of -36.77 and a beta of 0.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th.

SuperCom Company Profile

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.