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

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

Analyst Upgrades and Downgrades

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

SuperCom Stock Up 15.9 %

Shares of SPCB traded up $1.29 during mid-day trading on Tuesday, hitting $9.38. 324,690 shares of the company traded hands, compared to its average volume of 6,423,438. The business has a 50 day moving average of $4.42 and a 200 day moving average of $2.87. The company has a market capitalization of $6.24 million, a PE ratio of -42.63 and a beta of 0.07. The company has a quick ratio of 4.66, a current ratio of 5.10 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.

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.