Could Supercom LTD. – Ordinary Shares (NASDAQ:SPCB) See a Reversal After More Sellers Came In?

June 10, 2018 - By Marie Mckinney

SuperCom Ltd. (NASDAQ:SPCB) Logo

The stock of Supercom LTD. – Ordinary Shares (NASDAQ:SPCB) registered an increase of 4.88% in short interest. SPCB’s total short interest was 512,000 shares in June as published by FINRA. Its up 4.88% from 488,200 shares, reported previously. With 61,400 shares average volume, it will take short sellers 8 days to cover their SPCB’s short positions. The short interest to Supercom LTD. – Ordinary Shares’s float is 6.01%.

The stock decreased 1.59% or $0.03 during the last trading session, reaching $1.86. About 13,816 shares traded. SuperCom Ltd. (NASDAQ:SPCB) has declined 8.68% since June 10, 2017 and is downtrending. It has underperformed by 21.25% the S&P500.

SuperCom Ltd. provides identity, machine-to-machine, cyber security device, payment, and connectivity products and solutions to governments, and private and public organizations worldwide. The company has market cap of $27.82 million. The firm offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver??s licenses, and electronic voter registration and election management. It currently has negative earnings. The Company’s PureRF suite is a solution based on radio-frequency identification tag technology to identify, locate, track, monitor, count, and protect people and objects.

Another recent and important SuperCom Ltd. (NASDAQ:SPCB) news was published by Seekingalpha.com which published an article titled: “SuperCom’s (SPCB) CEO Arie Trabelsi on Q4 2017 Results – Earnings Call Transcript” on May 14, 2018.

SuperCom Ltd. (NASDAQ:SPCB) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: