Sequans Communications S.A. (NYSE:SQNS) Short Interest Up 34.7% in March

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 49,300 shares, a growth of 34.7% from the February 28th total of 36,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 113,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Sequans Communications

Several hedge funds and other institutional investors have recently modified their holdings of SQNS. Two Sigma Investments LP acquired a new stake in Sequans Communications in the fourth quarter valued at about $205,000. Manatuck Hill Partners LLC bought a new position in shares of Sequans Communications in the fourth quarter worth about $218,000. Marshall Wace LLP lifted its holdings in shares of 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 last quarter. Credit Industriel ET Commercial acquired a new stake in shares of Sequans Communications in the 4th quarter valued at approximately $1,403,000. Finally, Cigogne Management SA bought a new stake in shares of Sequans Communications during the 4th quarter valued at approximately $1,643,000. Institutional investors own 63.33% of the company's stock.

Sequans Communications Price Performance

SQNS stock traded down $0.08 during mid-day trading on Friday, hitting $1.96. The stock had a trading volume of 87,994 shares, compared to its average volume of 243,697. The firm has a fifty day simple moving average of $2.51 and a 200 day simple moving average of $2.73. The firm has a market capitalization of $48.27 million, a P/E ratio of 0.98 and a beta of 0.51. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. Sequans Communications has a 52 week low of $0.95 and a 52 week high of $4.28.

Sequans Communications (NYSE:SQNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share (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%. As a group, research analysts forecast that Sequans Communications will post -1.05 EPS for the current 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.