Sequans Communications S.A. (NYSE:SQNS) Short Interest Down 23.2% in April

Sequans Communications S.A. (NYSE:SQNS) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 860,400 shares, a decline of 23.2% from the March 31st total of 1,120,000 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 542,500 shares, the short-interest ratio is presently 1.6 days.

Sequans Communications Trading Up 2.4 %

NYSE:SQNS traded up $0.01 on Friday, reaching $0.53. The company’s stock had a trading volume of 53,287 shares, compared to its average volume of 300,865. Sequans Communications has a 12-month low of $0.34 and a 12-month high of $2.97. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $32.33 million, a price-to-earnings ratio of -0.75 and a beta of 0.23. The stock has a 50 day moving average price of $0.72 and a 200 day moving average price of $2.11.

Sequans Communications (NYSE:SQNS) last posted its earnings results on Thursday, March 7th. The semiconductor company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. The business had revenue of $4.77 million during the quarter. On average, equities analysts anticipate that Sequans Communications will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Sequans Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC purchased a new stake in shares of Sequans Communications in the 3rd quarter valued at $647,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Sequans Communications in the 3rd quarter valued at $594,000. Belvedere Trading LLC raised its holdings in shares of Sequans Communications by 97.3% in the 3rd quarter. Belvedere Trading LLC now owns 45,100 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 22,241 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Sequans Communications in the 3rd quarter valued at $425,000. Finally, Trium Capital LLP purchased a new stake in shares of Sequans Communications in the 3rd quarter valued at $375,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Sequans Communications to a “sell” rating in a research note on Friday.

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.