Short Interest in Radcom Ltd. (NASDAQ:RDCM) Expands By 40.3%

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) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 108,200 shares, anincreaseof40.3% from the July 15th total of 77,100 shares. Approximately0.9% of the company's stock are sold short. Based on an average daily trading volume, of 66,900 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 66,900 shares, the short-interest ratio is presently 1.6 days. Approximately0.9% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RDCM shares. Wall Street Zen cut Radcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Needham & Company LLC boosted their price target on shares of Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $18.00.

Hedge Funds Weigh In On Radcom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in Radcom by 171.6% during the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock valued at $711,000 after acquiring an additional 36,333 shares during the period. Citadel Advisors LLC increased its stake in Radcom by 101.1% during the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock valued at $483,000 after acquiring an additional 19,653 shares during the period. Northern Trust Corp bought a new stake in Radcom in the fourth quarter valued at about $269,000. Acuitas Investments LLC increased its stake in Radcom by 21.4% in the first quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock valued at $2,546,000 after acquiring an additional 39,227 shares during the period. Finally, Worth Venture Partners LLC increased its stake in Radcom by 25.6% in the first quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company's stock valued at $2,050,000 after acquiring an additional 36,503 shares during the period. 48.32% of the stock is currently owned by institutional investors.

Radcom Price Performance

Shares of NASDAQ RDCM traded down $0.2160 during trading hours on Monday, hitting $13.3640. 64,396 shares of the company's stock were exchanged, compared to its average volume of 70,840. Radcom has a 1-year low of $9.23 and a 1-year high of $15.98. The stock has a market capitalization of $209.28 million, a price-to-earnings ratio of 23.03 and a beta of 0.74. The company's 50-day moving average price is $13.27 and its 200-day moving average price is $12.61.

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.