Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 543,400 shares, an increase of 37.7% from the August 31st total of 394,600 shares. Based on an average daily volume of 331,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 10.2% of the shares of the stock are sold short.
Silvaco Group Trading Down 2.5 %
SVCO opened at $15.09 on Friday. The company’s 50 day moving average price is $15.88. Silvaco Group has a 1 year low of $13.99 and a 1 year high of $21.59.
Silvaco Group (NASDAQ:SVCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The business had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. As a group, research analysts predict that Silvaco Group will post -0.63 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Report on SVCO
Institutional Investors Weigh In On Silvaco Group
A number of hedge funds and other institutional investors have recently bought and sold shares of SVCO. Federated Hermes Inc. bought a new position in Silvaco Group in the second quarter valued at approximately $216,000. Point72 DIFC Ltd acquired a new stake in Silvaco Group during the second quarter worth about $235,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $366,000. XTX Topco Ltd acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $402,000. Finally, Squarepoint Ops LLC acquired a new stake in Silvaco Group during the 2nd quarter worth approximately $640,000.
About Silvaco Group
Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.
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