Short Interest in Sequans Communications S.A. (NYSE:SQNS) Grows By 34.7%

Sequans Communications S.A. (NYSE:SQNS) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 49,300 shares, an increase of 34.7% from the February 28th total of 36,600 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 113,200 shares, the short-interest ratio is currently 0.4 days.

Sequans Communications Stock Down 0.5 %

Shares of Sequans Communications stock traded down $0.01 on Tuesday, reaching $2.09. The company’s stock had a trading volume of 4,922 shares, compared to its average volume of 246,222. Sequans Communications has a 52 week low of $0.90 and a 52 week high of $4.28. The firm’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.74. The company has a quick ratio of 2.13, a current ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $51.47 million, a price-to-earnings ratio of 1.05 and a beta of 0.51.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a return on equity of 186.78% and a net margin of 154.81%. Equities analysts anticipate that Sequans Communications will post -1.05 earnings per share for the current year.

Institutional Investors Weigh In On Sequans Communications

Several hedge funds and other institutional investors have recently made changes to their positions in SQNS. Two Sigma Investments LP bought a new stake in Sequans Communications during the fourth quarter valued at approximately $205,000. Manatuck Hill Partners LLC purchased a new position in shares of Sequans Communications during the 4th quarter worth $218,000. Marshall Wace LLP grew its position in shares of Sequans Communications by 473.3% during the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock valued at $392,000 after acquiring an additional 92,620 shares during the period. Credit Industriel ET Commercial bought a new position in Sequans Communications in the 4th quarter worth $1,403,000. Finally, Cigogne Management SA purchased a new position in Sequans Communications during the fourth quarter valued at $1,643,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.