Silicom Ltd (NASDAQ:SILC) Sees Significant Growth in Short Interest

Silicom Ltd (NASDAQ:SILC) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 15,325 shares, a growth of 343.0% from the December 15th total of 3,459 shares. Based on an average trading volume of 38,757 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 38,757 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised Silicom to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Silicom presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Silicom

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Silicom in the fourth quarter valued at $29,000. Goldman Sachs Group Inc. bought a new position in shares of Silicom in the 1st quarter valued at about $151,000. GSA Capital Partners LLP increased its stake in shares of Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Silicom in the 3rd quarter valued at about $277,000. Finally, Citadel Advisors LLC lifted its stake in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

SILC stock traded down $0.23 during midday trading on Wednesday, hitting $15.12. The company’s stock had a trading volume of 41,679 shares, compared to its average volume of 25,543. The company’s fifty day moving average price is $14.65 and its 200 day moving average price is $15.93. Silicom has a twelve month low of $12.44 and a twelve month high of $19.36. The stock has a market capitalization of $85.72 million, a P/E ratio of -6.49 and a beta of 1.04.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.13). Silicom had a negative return on equity of 10.83% and a negative net margin of 22.47%.The business had revenue of $15.61 million for the quarter, compared to analyst estimates of $15.64 million.

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.