Short Interest in Silicom Ltd (NASDAQ:SILC) Increases By 93.3%

Silicom Ltd (NASDAQ:SILC) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,418 shares, a growth of 93.3% from the February 12th total of 3,321 shares. Based on an average daily trading volume, of 29,929 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 29,929 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Silicom

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom during the fourth quarter worth about $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom in the 4th quarter valued at about $2,639,000. Systematic Financial Management LP boosted its position in shares of Silicom by 3.5% in the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock valued at $8,203,000 after purchasing an additional 18,139 shares during the period. Susquehanna International Group LLP purchased a new position in Silicom during the 3rd quarter worth approximately $277,000. Finally, Goldman Sachs Group Inc. purchased a new position in Silicom during the 1st quarter worth approximately $151,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Silicom Stock Performance

Shares of SILC traded down $0.05 during midday trading on Friday, hitting $19.05. The company had a trading volume of 26,792 shares, compared to its average volume of 48,099. Silicom has a 1 year low of $12.44 and a 1 year high of $23.00. The firm has a market capitalization of $108.01 million, a P/E ratio of -9.48 and a beta of 1.02. The company’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $16.79.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, January 29th. The technology company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $16.91 million for the quarter, compared to analyst estimates of $15.65 million. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%.

Silicom Company Profile

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.