Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Drops By 15.9%

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,700 shares, a decrease of 15.9% from the November 15th total of 4,400 shares. Based on an average trading volume of 54,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC boosted its holdings in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,808 shares of the technology company’s stock after acquiring an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned 0.62% of RADCOM worth $881,000 at the end of the most recent quarter. 48.32% of the stock is currently owned by institutional investors.

RADCOM Stock Down 2.1 %

Shares of RDCM opened at $11.66 on Friday. The business’s fifty day moving average is $11.13 and its 200 day moving average is $10.17. RADCOM has a 12-month low of $7.70 and a 12-month high of $12.84. The stock has a market cap of $182.60 million, a P/E ratio of 24.81 and a beta of 0.89.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th.

RADCOM Company Profile

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.