Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 39.0% in February

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 36,600 shares, a drop of 39.0% from the February 13th total of 60,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 120,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SQNS. Oddo BHF Asset Management Sas purchased a new position in Sequans Communications in the third quarter worth approximately $3,451,000. AMH Equity Ltd purchased a new position in Sequans Communications in the fourth quarter worth approximately $2,432,000. Marshall Wace LLP grew its position in Sequans Communications by 473.3% in the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company's stock worth $392,000 after acquiring an additional 92,620 shares during the period. Cigogne Management SA purchased a new position in Sequans Communications in the fourth quarter worth approximately $1,643,000. Finally, Credit Industriel ET Commercial purchased a new position in Sequans Communications in the fourth quarter worth approximately $1,403,000. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

Sequans Communications Price Performance

Shares of NYSE:SQNS traded up $0.07 during midday trading on Wednesday, hitting $2.29. The company had a trading volume of 89,185 shares, compared to its average volume of 247,810. Sequans Communications has a twelve month low of $0.85 and a twelve month high of $4.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.21 and a quick ratio of 2.13. The stock has a market cap of $56.37 million, a price-to-earnings ratio of 1.14 and a beta of 0.51. The business's 50-day simple moving average is $2.76 and its 200-day simple moving average is $2.76.

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Sequans Communications (NYSE:SQNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a return on equity of 186.78% and a net margin of 154.81%. On average, research analysts predict that Sequans Communications will post -1.05 earnings per share for the current year.

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.