Sequans Communications S.A. (NYSE:SQNS) Short Interest Update

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 252,300 shares, a drop of 22.3% from the September 30th total of 324,600 shares. Currently, 1.1% of the company's stock are short sold. Based on an average trading volume of 655,500 shares, the days-to-cover ratio is presently 0.4 days.

Sequans Communications Stock Up 2.5 %

SQNS traded up $0.06 on Friday, reaching $2.36. The company's stock had a trading volume of 22,845 shares, compared to its average volume of 293,655. The company has a market capitalization of $146.07 million, a price-to-earnings ratio of -2.99 and a beta of 0.25. Sequans Communications has a fifty-two week low of $0.85 and a fifty-two week high of $7.43. The stock has a 50 day moving average of $2.45 and a two-hundred day moving average of $1.75.

Sequans Communications (NYSE:SQNS - Get Free Report) last issued its earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.30). The company had revenue of $9.68 million during the quarter, compared to analyst estimates of $9.70 million. As a group, analysts anticipate that Sequans Communications will post -1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SQNS. Roth Mkm reaffirmed a "buy" rating and set a $7.50 price objective on shares of Sequans Communications in a research report on Monday, August 26th. StockNews.com assumed coverage on Sequans Communications in a report on Tuesday, October 8th. They set a "sell" rating for the company.

Sequans Communications Company Profile

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.