Short Interest in Radware Ltd. (NASDAQ:RDWR) Declines By 13.6%

Radware Ltd. (NASDAQ:RDWR) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 799,797 shares, a decrease of 13.6% from the December 31st total of 925,564 shares. Based on an average trading volume of 208,568 shares, the short-interest ratio is presently 3.8 days. Currently, 2.4% of the shares of the company are short sold. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 208,568 shares, the short-interest ratio is presently 3.8 days.

Institutional Trading of Radware

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 1,176 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Radware by 200.9% in the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 1,563 shares during the period. Inceptionr LLC bought a new stake in Radware during the third quarter valued at $212,000. Kestra Private Wealth Services LLC acquired a new stake in Radware during the 3rd quarter worth about $237,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Radware in the 3rd quarter worth about $290,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Stock Up 1.1%

NASDAQ RDWR opened at $24.43 on Thursday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 64.29 and a beta of 0.95. Radware has a twelve month low of $18.46 and a twelve month high of $31.57. The stock has a fifty day simple moving average of $24.07 and a 200 day simple moving average of $24.96.

Wall Street Analyst Weigh In

Several analysts have weighed in on RDWR shares. Wall Street Zen cut shares of Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Finally, Jefferies Financial Group set a $25.00 price target on Radware in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.