Short Interest Coverage: Will Sequans Communications SA (NYSE:SQNS) Run Out of Steam Soon? Short Interest is Up

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: Will Sequans Communications SA (NYSE:SQNS) Run Out of Steam Soon? Short Interest is Up

The stock of Sequans Communications SA (NYSE:SQNS) registered an increase of 16.64% in short interest. SQNS’s total short interest was 190,700 shares in November as published by FINRA. Its up 16.64% from 163,500 shares, reported previously. With 210,200 shares average volume, it will take short sellers 1 days to cover their SQNS’s short positions. The short interest to Sequans Communications SA’s float is 0.63%. About 164,864 shares traded hands or 48.77% up from the average. Sequans Communications SA ADR (NYSE:SQNS) has declined 23.83% since April 14, 2016 and is downtrending. It has underperformed by 28.51% the S&P500.

Sequans Communications S.A. is a fabless designer, developer and supplier of fourth Generation long term evolution semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. The company has a market cap of $151.33 million. The Company’s semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks. It currently has negative earnings. In the broadband data device market, its solutions serve as the wireless communications platform in devices, such as smartphones; Universal Serial Bus (USB) dongles; portable routers; embedded wireless modems for laptops, tablets, and other consumer multimedia devices; and customer-premises equipment, such as fixed wireless access modems, routers and residential gateways.

Sequans Communications SA ADR (NYSE:SQNS) Ratings Coverage

Out of 3 analysts covering Sequans Communications (NYSE:SQNS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sequans Communications has been the topic of 3 analyst reports since February 8, 2016 according to StockzIntelligence Inc. As per Friday, March 18, the company rating was initiated by B. Riley & Co. The rating was initiated by Canaccord Genuity on Tuesday, May 17 with “Buy”. The firm has “Buy” rating given on Monday, February 8 by Needham.

SQNS Company Profile

Sequans Communications S.A., incorporated on October 1, 2003, is a fabless designer, developer and supplier of fourth Generation (4G) long term evolution (LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. The Company’s semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks. In the broadband data device market, its solutions serve as the wireless communications platform in these devices, including smartphones; Universal Serial Bus (USB) dongles; portable routers; embedded wireless modems for laptops, tablets and other consumer multimedia devices, and customer-premises equipment, such as fixed wireless access modems, routers and residential gateways. In the Internet of Things device markets, its solutions provide connectivity for machine-to-machine devices in transportation, security, asset tracking, smart energy, smart city and other applications.

More notable recent Sequans Communications SA ADR (NYSE:SQNS) news were published by: Investorplace.com which released: “11 Semiconductors & Semiconductor Equipment Stocks to Buy Now” on November 16, 2016, also Investorplace.com with their article: “21 Semiconductors & Semiconductor Equipment Stocks to Buy Now” published on November 09, 2016, Investorplace.com published: “5 Best Stocks Under $5 This Week” on April 24, 2015. More interesting news about Sequans Communications SA ADR (NYSE:SQNS) were released by: Zacks.com and their article: “Paris Terror Attacks Put French Stocks, ETF in Focus” published on November 16, 2015 as well as Marketwatch.com‘s news article titled: “IPO advisers beginning to take hold in US” with publication date: March 02, 2012.

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By Pete Kolinski


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