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

Silicom Ltd. (NASDAQ:SILC) was the recipient of a significant drop in short interest during 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. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 32,100 shares, the days-to-cover ratio is presently 0.5 days.

Silicom Stock Down 2.8 %

Shares of Silicom stock traded down $0.50 during trading on Thursday, reaching $17.20. 27,383 shares of the company were exchanged, compared to its average volume of 34,793. The business has a 50-day moving average price of $15.71 and a 200-day moving average price of $14.32. Silicom has a twelve month low of $11.35 and a twelve month high of $18.24. The firm has a market capitalization of $116.24 million, a price-to-earnings ratio of -5.67 and a beta of 0.96.

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

Hedge Funds Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP raised its position in Silicom Ltd. (NASDAQ:SILC) by 89.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,482 shares of the technology company’s stock after buying 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 filing with the SEC. 52.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC assumed coverage on Silicom in a report on Monday, November 4th. They issued a “hold” rating on the stock.

Silicom Company Profile

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.