Radcom Ltd. (NASDAQ:RDCM) Sees Significant Drop in Short Interest

Radcom Ltd. (NASDAQ:RDCM) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 159,212 shares, a decrease of 38.6% from the April 30th total of 259,303 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 194,736 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Radcom

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Radcom during the 4th quarter worth approximately $1,334,000. GSA Capital Partners LLP purchased a new stake in shares of Radcom during the third quarter worth about $168,000. Herald Investment Management Ltd increased its stake in Radcom by 9.1% during the 3rd quarter. Herald Investment Management Ltd now owns 300,000 shares of the technology company’s stock worth $4,272,000 after buying an additional 25,000 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Radcom during the third quarter worth approximately $76,000. Finally, State of Tennessee Department of Treasury raised its position in shares of Radcom by 37.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock valued at $262,000 after buying an additional 5,700 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

Radcom Price Performance

NASDAQ:RDCM traded up $0.18 during trading hours on Thursday, hitting $14.86. 52,597 shares of the company were exchanged, compared to its average volume of 120,922. The stock has a market capitalization of $248.69 million, a price-to-earnings ratio of 19.77 and a beta of 0.71. Radcom has a 52-week low of $10.41 and a 52-week high of $16.74. The company’s 50 day moving average price is $14.03 and its 200-day moving average price is $12.99.

Radcom (NASDAQ:RDCM) last issued its earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $18.59 million during the quarter, compared to analyst estimates of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. On average, equities analysts predict that Radcom will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RDCM shares. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Radcom in a report on Wednesday, February 11th. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.