Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,100 shares, a drop of 34.0% from the August 31st total of 4,700 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 17,400 shares, the short-interest ratio is currently 0.2 days.

Silicom Stock Performance

Shares of SILC opened at $17.56 on Wednesday. Silicom has a 52-week low of $12.29 and a 52-week high of $19.36. The stock has a 50 day simple moving average of $16.85 and a 200 day simple moving average of $15.50. The firm has a market capitalization of $99.57 million, a PE ratio of -7.70 and a beta of 0.95.

Institutional Investors Weigh In On Silicom

A number of hedge funds and other institutional investors have recently made changes to their positions in SILC. Bank of America Corp DE acquired a new stake in shares of Silicom during the fourth quarter worth $29,000. Goldman Sachs Group Inc. bought a new position in Silicom during the 1st quarter worth about $151,000. Worth Venture Partners LLC increased its holdings in Silicom by 15.9% during the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock worth $1,371,000 after purchasing an additional 12,662 shares in the last quarter. Acuitas Investments LLC boosted its position in shares of Silicom by 8.9% during the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company’s stock worth $1,692,000 after buying an additional 9,341 shares during the period. Finally, First Wilshire Securities Management Inc. boosted its position in shares of Silicom by 0.7% during the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company’s stock worth $5,855,000 after buying an additional 2,783 shares during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Silicom in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Silicom to a “hold” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Silicom currently has a consensus rating of “Reduce”.

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.