Short Interest in Silicom Ltd. (NASDAQ:SILC) Drops By 72.2%

Silicom Ltd. (NASDAQ:SILC) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,000 shares, a drop of 72.2% from the January 15th total of 14,400 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 35,100 shares, the days-to-cover ratio is currently 0.1 days.

Silicom Stock Up 1.4 %

SILC stock traded up $0.23 during midday trading on Wednesday, hitting $16.87. The company’s stock had a trading volume of 18,586 shares, compared to its average volume of 28,502. The firm has a 50-day simple moving average of $16.28 and a 200-day simple moving average of $14.39. The firm has a market capitalization of $114.04 million, a P/E ratio of -8.35 and a beta of 0.98. Silicom has a 52-week low of $11.35 and a 52-week high of $18.24.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, January 30th. The technology company reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Silicom in a research note on Monday, February 3rd.

Institutional Trading of Silicom

A number of large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom during the 4th quarter worth about $266,000. GSA Capital Partners LLP lifted its stake in Silicom by 89.6% during the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after purchasing an additional 12,990 shares during the last quarter. Finally, Acuitas Investments LLC increased its stake in Silicom by 44.2% in the fourth quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock valued at $1,702,000 after purchasing an additional 31,990 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.