Short Interest in Silicom Ltd (NASDAQ:SILC) Declines By 99.4%

Silicom Ltd (NASDAQ:SILC) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 96 shares, a drop of 99.4% from the December 31st total of 15,325 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 23,777 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 23,777 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen raised shares of Silicom to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Silicom

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Silicom during the 4th quarter worth about $29,000. Goldman Sachs Group Inc. acquired a new stake in Silicom in the 1st quarter worth approximately $151,000. GSA Capital Partners LLP boosted its position in Silicom by 19.2% during the third 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 period. Susquehanna International Group LLP bought a new stake in Silicom during the third quarter worth approximately $277,000. Finally, Citadel Advisors LLC grew its holdings in Silicom by 7.3% during the third 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 and hedge funds own 52.85% of the company’s stock.

Silicom Trading Down 0.1%

NASDAQ SILC traded down $0.02 during trading on Tuesday, reaching $15.86. 8,765 shares of the company’s stock were exchanged, compared to its average volume of 39,068. Silicom has a fifty-two week low of $12.44 and a fifty-two week high of $19.36. The company’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $15.96. The firm has a market capitalization of $89.93 million, a PE ratio of -6.81 and a beta of 1.04.

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

Silicom Company Profile

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.