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

Silicom Ltd (NASDAQ:SILC) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 12,019 shares, an increase of 87.3% from the February 26th total of 6,418 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 67,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SILC. Barclays PLC boosted its holdings in Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after acquiring an additional 927 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Silicom during the fourth quarter valued at $3,306,000. Goldman Sachs Group Inc. raised its position in shares of Silicom by 15.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after purchasing an additional 1,751 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silicom in the 4th quarter worth about $2,639,000. Finally, Susquehanna International Group LLP bought a new position in Silicom in the 3rd quarter worth about $277,000. Institutional investors own 52.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Silicom Price Performance

NASDAQ SILC traded down $0.50 during trading hours on Friday, reaching $20.79. 51,073 shares of the company’s stock traded hands, compared to its average volume of 55,706. Silicom has a 52-week low of $12.44 and a 52-week high of $23.10. The firm has a 50-day simple moving average of $19.12 and a 200 day simple moving average of $17.02. The firm has a market cap of $117.88 million, a PE ratio of -10.34 and a beta of 1.02.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%. The business had revenue of $16.91 million for the quarter, compared to analysts’ expectations of $15.65 million.

Silicom Company Profile

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.