Sequans Communications S.A. (NYSE:SQNS – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 823,600 shares, a drop of 16.2% from the August 31st total of 983,100 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 0.5 days. Currently, 1.4% of the company’s shares are sold short.
Institutional Trading of Sequans Communications
Several hedge funds have recently bought and sold shares of the business. Black Maple Capital Management LP acquired a new position in shares of Sequans Communications during the fourth quarter valued at about $43,000. Vazirani Asset Management LLC bought a new position in Sequans Communications in the 4th quarter valued at about $1,840,000. Finally, Bardin Hill Management Partners LP acquired a new position in Sequans Communications during the 4th quarter valued at about $2,497,000. Institutional investors and hedge funds own 63.33% of the company’s stock.
Sequans Communications Trading Up 0.9 %
SQNS stock traded up $0.01 during trading on Friday, reaching $1.11. 223,875 shares of the stock were exchanged, compared to its average volume of 789,746. The firm’s 50 day moving average is $0.79 and its 200 day moving average is $0.62. The firm has a market cap of $69.01 million, a P/E ratio of -1.41 and a beta of 0.24. Sequans Communications has a twelve month low of $0.34 and a twelve month high of $2.97.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Sequans Communications
About Sequans Communications
Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.
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