RADCOM Ltd. (NASDAQ:RDCM) Short Interest Down 15.9% in November

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,700 shares, a decrease of 15.9% from the November 15th total of 4,400 shares. Based on an average trading volume of 54,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

RADCOM Price Performance

RADCOM stock opened at $11.81 on Tuesday. The company’s 50-day moving average is $11.17 and its 200-day moving average is $10.20. The firm has a market capitalization of $184.94 million, a PE ratio of 25.13 and a beta of 0.89. RADCOM has a fifty-two week low of $7.70 and a fifty-two week high of $12.84.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its position in RADCOM stock. Janney Montgomery Scott LLC lifted its holdings in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 304,064 shares of the technology company’s stock after acquiring an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.94% of RADCOM worth $3,144,000 as of its most recent SEC filing. 48.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised RADCOM from a “buy” rating to a “strong-buy” rating in a report on Monday.

RADCOM Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.