Short Interest in Silicom Ltd (NASDAQ:SILC) Decreases By 77.1%

Silicom Ltd (NASDAQ:SILC) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 3,321 shares, a decrease of 77.1% from the January 29th total of 14,518 shares. Based on an average daily volume of 40,021 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 40,021 shares, the short-interest ratio is presently 0.1 days.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $19.27 on Friday. Silicom has a 1 year low of $12.44 and a 1 year high of $23.00. The stock has a market capitalization of $109.26 million, a price-to-earnings ratio of -9.59 and a beta of 1.06. The company’s 50 day simple moving average is $17.00 and its 200 day simple moving average is $16.50.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SILC. Bank of America Corp DE acquired a new stake in shares of Silicom in the 4th quarter valued at approximately $29,000. Barclays PLC boosted its position in Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Silicom during the first quarter worth $151,000. GSA Capital Partners LLP increased its holdings in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Silicom in the 3rd quarter valued at $277,000. Institutional investors own 52.85% of the company’s stock.

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.