RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCMGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 12,100 shares, a growth of 21.0% from the March 31st total of 10,000 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Shares of RADCOM stock opened at $11.05 on Thursday. The stock’s fifty day moving average is $11.56 and its 200-day moving average is $11.67. The firm has a market capitalization of $159.43 million, a PE ratio of -29.08 and a beta of 1.13. RADCOM has a 12-month low of $9.23 and a 12-month high of $14.70.

RADCOM (NASDAQ:RDCMGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The technology company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. RADCOM had a negative return on equity of 7.46% and a negative net margin of 13.06%. The business had revenue of $11.16 million for the quarter, compared to the consensus estimate of $10.30 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. As a group, equities analysts anticipate that RADCOM will post -0.36 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered RADCOM from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th.

Several hedge funds have recently modified their holdings of the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new position in shares of RADCOM during the first quarter valued at $72,000. Lynrock Lake LP grew its holdings in shares of RADCOM by 10.0% during the fourth quarter. Lynrock Lake LP now owns 1,004,454 shares of the technology company’s stock valued at $13,108,000 after buying an additional 91,042 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of RADCOM by 107.8% during the fourth quarter. Acadian Asset Management LLC now owns 3,177 shares of the technology company’s stock valued at $39,000 after buying an additional 1,648 shares in the last quarter. P.A.W. Capital Corp grew its holdings in shares of RADCOM by 15.4% during the fourth quarter. P.A.W. Capital Corp now owns 105,000 shares of the technology company’s stock valued at $1,370,000 after buying an additional 14,000 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in RADCOM in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 34.69% of the company’s stock.

About RADCOM (Get Rating)

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.

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