Short Interest in Silicom Ltd (NASDAQ:SILC) Drops By 48.3%

Silicom Ltd (NASDAQ:SILC) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,459 shares, a decrease of 48.3% from the November 30th total of 6,692 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of Silicom during the fourth quarter worth about $29,000. Goldman Sachs Group Inc. acquired a new position in Silicom during the 1st quarter valued at about $151,000. GSA Capital Partners LLP grew its position in Silicom by 19.2% in the 3rd 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 last quarter. Susquehanna International Group LLP acquired a new stake in shares of Silicom in the third quarter valued at approximately $277,000. Finally, Citadel Advisors LLC increased its stake in shares of Silicom by 7.3% in 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 period. Institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

SILC opened at $14.09 on Friday. Silicom has a 12-month low of $12.44 and a 12-month high of $19.36. The stock has a market capitalization of $79.89 million, a PE ratio of -6.05 and a beta of 1.05. The firm’s fifty day moving average price is $15.19 and its 200 day moving average price is $15.96.

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

Wall Street Analyst Weigh In

SILC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Silicom to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Silicom

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.