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

Silicom Ltd. (NASDAQ:SILC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,600 shares, a drop of 18.1% from the December 31st total of 21,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP raised its stake in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,482 shares of the technology company’s stock after purchasing an additional 12,990 shares during the period. GSA Capital Partners LLP owned 0.41% of Silicom worth $377,000 as of its most recent SEC filing. Institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

Shares of NASDAQ:SILC traded down $0.50 during trading on Thursday, reaching $17.20. The company had a trading volume of 27,383 shares, compared to its average volume of 34,793. The firm has a market capitalization of $116.24 million, a price-to-earnings ratio of -5.67 and a beta of 0.96. The stock’s fifty day moving average price is $15.71 and its 200 day moving average price is $14.32. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $18.24.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.44). Silicom had a negative return on equity of 13.58% and a negative net margin of 30.59%.

Analyst Ratings Changes

Separately, Needham & Company LLC initiated coverage on shares of Silicom in a research report on Monday, November 4th. They set a “hold” rating for the company.

About Silicom

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.