Short Interest in Silicom Ltd (NASDAQ:SILC) Drops By 99.4%

Silicom Ltd (NASDAQ:SILC) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 96 shares, a drop of 99.4% from the December 31st total of 15,325 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 23,777 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 23,777 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Silicom Stock Up 4.7%

SILC traded up $0.74 during trading on Wednesday, hitting $16.60. The company had a trading volume of 2,104 shares, compared to its average volume of 28,134. The company has a market capitalization of $94.12 million, a PE ratio of -6.94 and a beta of 1.04. Silicom has a one year low of $12.44 and a one year high of $19.36. The firm’s 50-day moving average price is $14.84 and its 200 day moving average price is $15.96.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, October 30th. The technology company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.13). Silicom had a negative net margin of 22.47% and a negative return on equity of 10.83%. The firm had revenue of $15.61 million during the quarter, compared to the consensus estimate of $15.64 million.

Wall Street Analyst Weigh In

SILC has been the subject of a number of research reports. Wall Street Zen upgraded Silicom to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Silicom

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of Silicom in the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. acquired a new stake in Silicom during the first quarter worth approximately $151,000. GSA Capital Partners LLP boosted its holdings in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after acquiring an additional 2,361 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Silicom in the third quarter valued at approximately $277,000. Finally, Citadel Advisors LLC lifted its holdings in Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,117 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.