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

Silicom Ltd (NASDAQ:SILC) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 14,518 shares, an increase of 15,022.9% from the January 15th total of 96 shares. Based on an average daily trading volume, of 119,525 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 119,525 shares, the days-to-cover ratio is presently 0.1 days.

Silicom Stock Down 1.3%

Silicom stock opened at $20.74 on Wednesday. The stock has a 50-day moving average price of $15.79 and a 200 day moving average price of $16.23. The company has a market capitalization of $117.60 million, a price-to-earnings ratio of -10.32 and a beta of 1.06. Silicom has a 52 week low of $12.44 and a 52 week high of $23.00.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Silicom

A number of institutional investors have recently modified their holdings of SILC. Susquehanna International Group LLP acquired a new stake in Silicom during the third quarter worth about $277,000. Citadel Advisors LLC boosted its position in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,117 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Silicom by 15.4% during 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 period. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silicom during the 4th quarter valued at approximately $2,639,000. Finally, Bank of America Corp DE acquired a new position in shares of Silicom in the 4th quarter valued at $29,000. 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.