Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Grows By 979.0%

SuperCom Ltd. (NASDAQ:SPCB) 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.

SuperCom Stock Performance

Shares of NASDAQ SPCB traded up $1.09 during mid-day trading on Wednesday, reaching $13.44. 387,917 shares of the company were exchanged, compared to its average volume of 3,511,017. The stock has a market capitalization of $28.59 million, a P/E ratio of -61.09 and a beta of 0.07. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. SuperCom has a twelve month low of $2.55 and a twelve month high of $18.95. The company’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $3.91.

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.