RADCOM Ltd. (NASDAQ:RDCM) Sees Large Increase in Short Interest

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 50,900 shares, a growth of 246.3% from the January 31st total of 14,700 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 92,500 shares, the short-interest ratio is presently 0.6 days.

RADCOM Stock Performance

RDCM stock opened at $11.98 on Friday. The firm has a 50 day moving average price of $13.02 and a 200-day moving average price of $11.45. RADCOM has a 52-week low of $8.52 and a 52-week high of $15.98. The firm has a market capitalization of $187.63 million, a price-to-earnings ratio of 27.23 and a beta of 0.90.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. As a group, sell-side analysts forecast that RADCOM will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RDCM shares. StockNews.com downgraded RADCOM from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of RADCOM in a research note on Friday, January 17th.

Hedge Funds Weigh In On RADCOM

A number of hedge funds have recently bought and sold shares of RDCM. Legato Capital Management LLC purchased a new position in RADCOM in the fourth quarter worth about $848,000. Janney Montgomery Scott LLC increased its position in shares of RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after acquiring an additional 70,544 shares in the last quarter. Acuitas Investments LLC increased its position in shares of RADCOM by 21.6% during the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after acquiring an additional 32,631 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock worth $57,000 after acquiring an additional 4,300 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in RADCOM in the 4th quarter valued at approximately $62,000. Institutional investors own 48.32% of the company’s stock.

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.