SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 277,300 shares, an increase of 979.0% from the December 31st total of 25,700 shares. Based on an average daily trading volume, of 934,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 19.1% of the company’s stock are sold short.
Analyst Ratings Changes
A number of research analysts have commented on the company. Maxim Group boosted their target price on SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. StockNews.com downgraded SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th.
Read Our Latest Stock Analysis on SPCB
SuperCom Stock Performance
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.
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