SuperCom Ltd. (NASDAQ:SPCB) Sees Significant Growth in Short Interest

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 277,300 shares, a growth of 979.0% from the December 31st total of 25,700 shares. Currently, 19.1% of the company’s stock are sold short. Based on an average trading volume of 934,700 shares, the short-interest ratio is presently 0.3 days.

SuperCom Stock Performance

NASDAQ SPCB traded down $1.32 on Tuesday, reaching $12.24. The stock had a trading volume of 537,020 shares, compared to its average volume of 3,690,978. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. The firm has a fifty day moving average of $6.07 and a two-hundred day moving average of $3.66. SuperCom has a 1-year low of $2.55 and a 1-year high of $18.95. The company has a market cap of $26.08 million, a P/E ratio of -55.41 and a beta of 0.07.

Analysts Set New Price Targets

SPCB has been the topic of several research reports. 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 lowered SuperCom from a “hold” rating to a “sell” rating in a research report on Friday, December 13th.

About SuperCom

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.