Short Interest in SuperCom Ltd. (NASDAQ:SPCB) Grows By 56.7%

SuperCom Ltd. (NASDAQ:SPCB) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 25,700 shares, a growth of 56.7% from the November 30th total of 16,400 shares. Based on an average daily trading volume, of 98,600 shares, the short-interest ratio is currently 0.3 days. Currently, 1.7% of the company’s stock are sold short.

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $3.84 on Friday. The company has a fifty day moving average price of $3.46 and a 200 day moving average price of $2.25. The firm has a market cap of $2.55 million, a PE ratio of -17.45 and a beta of 0.14. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11. SuperCom has a 1-year low of $2.55 and a 1-year high of $10.90.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th.

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.