SuperCom Ltd. (NASDAQ:SPCB) Short Interest Up 43.3% in March

SuperCom Ltd. (NASDAQ:SPCB) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 94,000 shares, a growth of 43.3% from the March 15th total of 65,600 shares. Based on an average trading volume of 408,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.1% of the shares of the stock are short sold.

Institutional Trading of SuperCom

An institutional investor recently bought a new position in SuperCom stock. Renaissance Technologies LLC acquired a new position in SuperCom Ltd. (NASDAQ:SPCB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned 0.35% of SuperCom at the end of the most recent reporting period. 47.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised their target price on shares of SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st.

SuperCom Price Performance

SPCB opened at $6.40 on Friday. SuperCom has a 1 year low of $2.55 and a 1 year high of $18.95. The company’s 50 day simple moving average is $7.63 and its 200 day simple moving average is $6.45. The stock has a market capitalization of $18.75 million, a PE ratio of -29.09 and a beta of 1.00. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10.

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.