SuperCom Ltd. (NASDAQ:SPCB) Short Interest Update

SuperCom Ltd. (NASDAQ:SPCB) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 48,000 shares, a growth of 258.2% from the October 31st total of 13,400 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 117,300 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

SuperCom Stock Down 2.2 %

Shares of NASDAQ SPCB traded down $0.08 during midday trading on Wednesday, hitting $3.55. 13,193 shares of the company’s stock were exchanged, compared to its average volume of 246,753. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. SuperCom has a twelve month low of $2.55 and a twelve month high of $10.90. The company has a market cap of $2.34 million, a PE ratio of -16.50 and a beta of 0.11. The firm’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $1.76.

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.