Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 38.7% in January

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 101,300 shares, a drop of 38.7% from the December 31st total of 165,200 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily trading volume, of 155,600 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Sequans Communications

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas bought a new position in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,900,000 shares of the semiconductor company's stock, valued at approximately $3,451,000. Oddo BHF Asset Management Sas owned about 11.60% of Sequans Communications at the end of the most recent quarter. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sequans Communications Stock Up 3.9 %

Shares of Sequans Communications stock traded up $0.12 on Tuesday, reaching $3.14. The stock had a trading volume of 36,863 shares, compared to its average volume of 135,371. Sequans Communications has a 1 year low of $0.85 and a 1 year high of $7.43. The company has a 50 day moving average price of $3.17 and a 200 day moving average price of $2.56. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $78.44 million, a P/E ratio of 2.23 and a beta of 0.36.

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.