SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 214,600 shares, a drop of 22.6% from the December 31st total of 277,300 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is presently 0.2 days. Currently, 14.8% of the shares of the stock are sold short.

SuperCom Trading Down 14.2 %

Shares of SuperCom stock opened at $11.53 on Friday. The stock has a market capitalization of $24.56 million, a P/E ratio of -52.41 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. The company has a 50-day simple moving average of $6.64 and a 200 day simple moving average of $3.91. SuperCom has a 12-month low of $2.55 and a 12-month high of $18.95.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPCB. StockNews.com downgraded shares of SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Maxim Group raised their price objective on shares of SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st.

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.