Silicom Ltd. (NASDAQ:SILC) Short Interest Down 72.2% in January

Silicom Ltd. (NASDAQ:SILC) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 4,000 shares, a drop of 72.2% from the January 15th total of 14,400 shares. Based on an average daily volume of 35,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Silicom Price Performance

Shares of Silicom stock traded up $0.23 during trading on Wednesday, reaching $16.87. 18,586 shares of the stock traded hands, compared to its average volume of 28,502. The company has a market capitalization of $114.04 million, a price-to-earnings ratio of -8.35 and a beta of 0.98. Silicom has a 52-week low of $11.35 and a 52-week high of $18.24. The business has a fifty day simple moving average of $16.28 and a two-hundred day simple moving average of $14.39.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.44). Silicom had a negative net margin of 20.66% and a negative return on equity of 8.83%.

Institutional Investors Weigh In On Silicom

Hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC raised its holdings in shares of Silicom by 44.2% in the fourth quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock worth $1,702,000 after buying an additional 31,990 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom during the 4th quarter worth approximately $266,000. Finally, GSA Capital Partners LLP lifted its stake in Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock valued at $377,000 after buying an additional 12,990 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Silicom in a research report on Monday, February 3rd.

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.