RadiSys Co. (RSYS) Short Interest Up 32.9% in December
RadiSys Co. (NASDAQ:RSYS) saw a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 983,434 shares, an increase of 32.9% from the December 15th total of 740,039 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,863,667 shares, the days-to-cover ratio is presently 0.3 days.
Several equities analysts recently issued reports on RSYS shares. Zacks Investment Research raised shares of RadiSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.60.
RadiSys (NASDAQ RSYS) opened at $1.01 on Friday. RadiSys has a 1-year low of $0.63 and a 1-year high of $4.66. The stock has a market cap of $39.54, a price-to-earnings ratio of -1.06 and a beta of 1.20.
RadiSys (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.16). RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The firm had revenue of $28.80 million during the quarter, compared to analysts’ expectations of $28.11 million. During the same period in the prior year, the firm posted $0.07 earnings per share. RadiSys’s revenue for the quarter was down 48.0% compared to the same quarter last year. analysts predict that RadiSys will post -0.59 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. grew its holdings in RadiSys by 0.4% in the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after purchasing an additional 200 shares during the last quarter. State Street Corp lifted its stake in shares of RadiSys by 10.1% during the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after buying an additional 47,538 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of RadiSys by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after buying an additional 49,835 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of RadiSys by 19.6% during the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after buying an additional 25,495 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of RadiSys by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares during the period. 57.18% of the stock is currently owned by institutional investors and hedge funds.
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Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.
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