Silicom Ltd (NASDAQ:SILC) Short Interest Up 343.0% in December

Silicom Ltd (NASDAQ:SILC) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 15,325 shares, a growth of 343.0% from the December 15th total of 3,459 shares. Based on an average daily volume of 38,757 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 38,757 shares, the days-to-cover ratio is presently 0.4 days.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $15.09 on Tuesday. The stock has a market cap of $85.56 million, a price-to-earnings ratio of -6.48 and a beta of 1.04. Silicom has a 12 month low of $12.44 and a 12 month high of $19.36. The stock’s 50 day moving average price is $14.67 and its 200 day moving average price is $15.93.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.13). Silicom had a negative net margin of 22.47% and a negative return on equity of 10.83%. The firm had revenue of $15.61 million for the quarter, compared to analyst estimates of $15.64 million.

Institutional Investors Weigh In On Silicom

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in Silicom in the 4th quarter valued at about $29,000. Goldman Sachs Group Inc. bought a new stake in shares of Silicom in the 1st quarter worth approximately $151,000. Systematic Financial Management LP lifted its stake in Silicom by 3.5% during the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock valued at $8,203,000 after purchasing an additional 18,139 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in 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, Citadel Advisors LLC grew its position in Silicom by 7.3% in the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after buying an additional 1,117 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on SILC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. Wall Street Zen raised Silicom to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.