Silicom Ltd (NASDAQ:SILC) Short Interest Up 86.6% in May

Silicom Ltd (NASDAQ:SILC) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 36,630 shares, a growth of 86.6% from the April 30th total of 19,634 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 215,515 shares, the short-interest ratio is currently 0.2 days.

Silicom Trading Down 4.5%

NASDAQ SILC opened at $38.49 on Tuesday. The business’s 50 day moving average is $32.54 and its two-hundred day moving average is $22.28. Silicom has a 12-month low of $13.34 and a 12-month high of $52.58. The stock has a market capitalization of $219.78 million, a price-to-earnings ratio of -19.94 and a beta of 1.58.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.11. The company had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Insider Activity at Silicom

In related news, CFO Eran Gilad sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $44.18, for a total value of $265,080.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David Hendel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total value of $44,370.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,438 shares of company stock worth $1,234,244 over the last three months. Company insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SILC. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom during the 4th quarter worth $2,639,000. GSA Capital Partners LLP increased its holdings in shares of Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Silicom in the 4th quarter valued at $3,306,000. Citadel Advisors LLC increased its holdings in Silicom by 7.3% in the 3rd 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Silicom in the 3rd quarter valued at about $277,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.