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 in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 113,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Sequans Communications

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

Sequans Communications Price Performance

Sequans Communications stock traded down $0.01 during mid-day trading on Tuesday, hitting $2.09. The stock had a trading volume of 4,922 shares, compared to its average volume of 246,222. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $2.59 and its 200 day moving average is $2.74. The firm has a market capitalization of $51.47 million, a P/E ratio of 1.05 and a beta of 0.51. Sequans Communications has a one year low of $0.90 and a one year high of $4.28.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Sequans Communications will post -1.05 earnings per share for the current fiscal year.

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.