Radcom Ltd. (NASDAQ:RDCM) Sees Large Growth in Short Interest

Key Points

• Radcom Ltd. experienced a 40.3% increase in short interest from July 15th to July 31st, totaling 108,200 shares.
• Institutional investors and hedge funds now own 48.32% of Radcom's stock, with notable increases in stakes from Lazard Asset Management and others during the second quarter.
• Analysts have raised the target price for Radcom from $17.00 to $18.00 and currently rate the stock as "Buy."

Radcom Ltd. (NASDAQ:RDCM - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 108,200 shares, agrowthof40.3% from the July 15th total of 77,100 shares. Based on an average daily volume of 66,900 shares, the days-to-cover ratio is currently 1.6 days. Approximately0.9% of the shares of the company are sold short. Approximately0.9% of the shares of the company are sold short. Based on an average daily volume of 66,900 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Radcom

A number of hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its position in Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company's stock valued at $110,000 after buying an additional 5,135 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Radcom during the second quarter worth $34,000. Jump Financial LLC acquired a new position in shares of Radcom during the second quarter worth $165,000. Marshall Wace LLP lifted its holdings in shares of Radcom by 20.5% during the second quarter. Marshall Wace LLP now owns 110,127 shares of the technology company's stock worth $1,497,000 after purchasing an additional 18,708 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Radcom by 13.3% during the second quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company's stock worth $4,406,000 after purchasing an additional 38,284 shares during the period. Institutional investors and hedge funds own 48.32% of the company's stock.

Radcom Price Performance

Shares of Radcom stock opened at $13.07 on Wednesday. Radcom has a fifty-two week low of $9.23 and a fifty-two week high of $15.98. The firm has a market capitalization of $204.68 million, a P/E ratio of 22.53 and a beta of 0.74. The company's 50 day moving average price is $13.24 and its two-hundred day moving average price is $12.63.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of Radcom from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen cut shares of Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Radcom currently has an average rating of "Buy" and an average target price of $18.00.

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.

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