RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 18,000 shares, a growth of 718.2% from the December 15th total of 2,200 shares. Based on an average daily volume of 59,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC lifted its stake in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,064 shares of the technology company’s stock after purchasing an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 as of its most recent SEC filing. 48.32% of the stock is owned by institutional investors and hedge funds.

RADCOM Trading Down 4.1 %

Shares of RDCM stock traded down $0.55 during mid-day trading on Monday, reaching $12.83. The stock had a trading volume of 55,132 shares, compared to its average volume of 73,290. The firm has a market capitalization of $200.94 million, a PE ratio of 27.30 and a beta of 0.89. The stock’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $10.55. RADCOM has a 52-week low of $7.72 and a 52-week high of $13.98.

Analysts Set New Price Targets

Separately, StockNews.com cut RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

About RADCOM

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.