SuperCom, Ltd. (NASDAQ:SPCB) Stock Short Interest Report for September

SuperCom, Ltd. (NASDAQ:SPCB) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 144,335 shares, an increase of 75.7% from the September 15th total of 82,127 shares. Based on an average trading volume of 57,056 shares, the short-interest ratio is currently 2.5 days. Currently, 3.2% of the shares of the company are short sold.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Corsair Capital Management L.P. lifted its stake in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 135,971 shares of the industrial products company’s stock after buying an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned about 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the Securities & Exchange Commission. 47.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on SPCB shares. Weiss Ratings lowered shares of SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

SuperCom Trading Down 4.4%

SPCB stock traded down $0.41 during trading on Friday, hitting $8.88. The company had a trading volume of 70,424 shares, compared to its average volume of 56,455. SuperCom has a one year low of $7.07 and a one year high of $12.87. The company has a current ratio of 5.75, a quick ratio of 5.18 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $9.96 and a 200-day moving average of $10.22. The stock has a market cap of $49.28 million, a PE ratio of 5.50 and a beta of 1.13.

SuperCom (NASDAQ:SPCB) last announced its earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.24. SuperCom had a net margin of 2.92% and a return on equity of 20.20%. The business had revenue of $8.09 million during the quarter, compared to the consensus estimate of $7.15 million.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is an Israeli technology company that develops secure solutions for the government, public safety and electronic monitoring markets. Its products are designed to support agencies responsible for offender supervision, domestic violence prevention, corrections, public safety and related social-service programs.

The company’s offerings include electronic monitoring systems, location and tracking technologies, biometric identification tools, case-management software and mobile applications.