Radware Ltd. (NASDAQ:RDWR) Sees Significant Increase in Short Interest

Radware Ltd. (NASDAQ:RDWR) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 925,564 shares, a growth of 36.8% from the December 15th total of 676,416 shares. Based on an average daily volume of 361,379 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 361,379 shares, the days-to-cover ratio is currently 2.6 days.

Radware Trading Down 2.5%

Shares of RDWR opened at $24.03 on Friday. Radware has a twelve month low of $18.46 and a twelve month high of $31.57. The firm has a market capitalization of $1.03 billion, a P/E ratio of 63.24 and a beta of 0.94. The firm’s 50-day moving average is $23.57 and its two-hundred day moving average is $25.44.

Hedge Funds Weigh In On Radware

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Radware by 200.9% in the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 1,563 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of Radware in the 3rd quarter worth about $212,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Radware in the 3rd quarter worth about $237,000. Aquatic Capital Management LLC acquired a new stake in Radware in the 3rd quarter valued at about $290,000. Finally, Quantbot Technologies LP increased its holdings in Radware by 5,996.7% during the 3rd quarter. Quantbot Technologies LP now owns 11,096 shares of the information technology services provider’s stock valued at $294,000 after acquiring an additional 10,914 shares in the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDWR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Jefferies Financial Group set a $25.00 price target on shares of Radware in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Radware currently has an average rating of “Hold” and a consensus price target of $30.00.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.