SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 101,500 shares, an increase of 134.4% from the August 15th total of 43,300 shares. Approximately 6.5% of the company’s shares are short sold. Based on an average trading volume of 214,500 shares, the short-interest ratio is currently 0.5 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of SuperCom in a research note on Tuesday, August 27th. They set a “hold” rating on the stock.
Read Our Latest Stock Analysis on SPCB
SuperCom Stock Up 7.7 %
SuperCom (NASDAQ:SPCB – Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $7.55 million during the quarter. SuperCom had a return on equity of 101.73% and a net margin of 5.70%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC lifted its holdings in SuperCom Ltd. (NASDAQ:SPCB – Free Report) by 263.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400,000 shares of the industrial products company’s stock after buying an additional 1,739,000 shares during the quarter. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. 47.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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