Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 43.0% in February

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 60,000 shares, a drop of 43.0% from the January 31st total of 105,300 shares. Currently, 0.3% of the company's shares are sold short. Based on an average daily trading volume, of 143,000 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sequans Communications from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.

Institutional Investors Weigh In On Sequans Communications

Several hedge funds have recently made changes to their positions in SQNS. Oddo BHF Asset Management Sas purchased a new position in Sequans Communications during the third quarter valued at $3,451,000. AMH Equity Ltd bought a new position in shares of Sequans Communications in the 4th quarter worth about $2,432,000. Two Sigma Investments LP purchased a new position in Sequans Communications during the 4th quarter valued at about $205,000. Marshall Wace LLP boosted its stake in Sequans Communications by 473.3% during 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 in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new stake in Sequans Communications in the fourth quarter worth about $218,000. 63.33% of the stock is currently owned by institutional investors.

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Sequans Communications Trading Up 0.5 %

Shares of SQNS traded up $0.01 during trading hours on Wednesday, reaching $2.25. 22,110 shares of the company traded hands, compared to its average volume of 253,790. Sequans Communications has a 12 month low of $0.85 and a 12 month high of $4.28. The company has a quick ratio of 2.13, a current ratio of 2.21 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.76. The company has a market capitalization of $56.62 million, a price-to-earnings ratio of 1.13 and a beta of 0.36.

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

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.