SuperCom Ltd. (NASDAQ:SPCB) Short Interest Up 979.0% in December

SuperCom Ltd. (NASDAQ:SPCB) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 277,300 shares, an increase of 979.0% from the December 15th total of 25,700 shares. Currently, 19.1% of the company’s shares are short sold. Based on an average daily volume of 934,700 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

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

SuperCom Trading Up 15.9 %

SPCB stock traded up $1.29 during mid-day trading on Tuesday, reaching $9.38. The company had a trading volume of 324,690 shares, compared to its average volume of 6,423,438. The company has a market capitalization of $6.24 million, a PE ratio of -42.63 and a beta of 0.07. The firm has a 50 day moving average of $4.42 and a 200 day moving average of $2.87. SuperCom has a 12 month low of $2.55 and a 12 month high of $10.90. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66.

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.