AudioCodes Ltd. (NASDAQ:AUDC) Short Interest Down 21.6% in August

AudioCodes Ltd. (NASDAQ:AUDC) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 275,100 shares, adeclineof21.6% from the July 31st total of 350,700 shares. Currently,1.3% of the company’s shares are sold short. Based on an average daily volume of 113,000 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 113,000 shares, the short-interest ratio is currently 2.4 days. Currently,1.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Institutional Trading of AudioCodes

Institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP boosted its holdings in AudioCodes by 2.3% in the fourth quarter. Two Sigma Investments LP now owns 75,653 shares of the communications equipment provider’s stock valued at $737,000 after acquiring an additional 1,674 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AudioCodes during the 2nd quarter valued at $43,000. Jane Street Group LLC boosted its holdings in shares of AudioCodes by 14.2% during the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock valued at $449,000 after buying an additional 5,938 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of AudioCodes by 56.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 7,052 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AudioCodes by 18.8% during the 1st quarter. Bank of New York Mellon Corp now owns 62,149 shares of the communications equipment provider’s stock valued at $585,000 after buying an additional 9,840 shares in the last quarter. Institutional investors own 68.05% of the company’s stock.

AudioCodes Stock Up 0.1%

AUDC traded up $0.01 during trading on Tuesday, hitting $9.74. 17,534 shares of the company’s stock were exchanged, compared to its average volume of 100,996. The business’s 50 day moving average is $9.76 and its two-hundred day moving average is $9.58. AudioCodes has a fifty-two week low of $7.70 and a fifty-two week high of $12.72. The stock has a market cap of $276.32 million, a P/E ratio of 21.64 and a beta of 0.93.

AudioCodes Dividend Announcement

The company also recently announced a half year 25 dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.20 dividend. The ex-dividend date was Thursday, August 14th. This represents a dividend yield of 350.0%. AudioCodes’s dividend payout ratio is presently 88.89%.

AudioCodes Company Profile

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.