RADCOM Ltd. (NASDAQ:RDCM) Sees Large Decrease in Short Interest

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 11,400 shares, a decline of 17.4% from the April 15th total of 13,800 shares. Based on an average daily volume of 42,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of RADCOM

A number of hedge funds have recently added to or reduced their stakes in RDCM. Acadian Asset Management LLC grew its stake in shares of RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company's stock valued at $555,000 after buying an additional 18,681 shares during the period. Janney Montgomery Scott LLC grew its position in RADCOM by 18.8% during the third quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company's stock valued at $992,000 after acquiring an additional 18,100 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock worth $1,301,000 after purchasing an additional 4,935 shares during the period. P.A.W. Capital Corp lifted its stake in shares of RADCOM by 56.3% in the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company's stock valued at $2,015,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Inflection Point Investments LLP purchased a new stake in shares of RADCOM during the 4th quarter worth about $4,883,000. 48.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on RDCM. Needham & Company LLC upgraded RADCOM from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Thursday, January 25th. StockNews.com started coverage on shares of RADCOM in a research report on Tuesday, May 7th. They issued a "buy" rating for the company.

RADCOM Stock Up 1.6 %

Shares of RDCM stock traded up $0.15 during mid-day trading on Monday, hitting $9.40. 10,352 shares of the company's stock were exchanged, compared to its average volume of 40,778. The stock has a market cap of $145.43 million, a price-to-earnings ratio of 39.33 and a beta of 0.76. RADCOM has a fifty-two week low of $7.52 and a fifty-two week high of $12.10. The stock has a 50-day simple moving average of $10.11 and a two-hundred day simple moving average of $9.10.

RADCOM Company Profile

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.