RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 76,200 shares, a growth of 18.1% from the April 30th total of 64,500 shares. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the company's shares are short sold.

Institutional Investors Weigh In On RADCOM

Hedge funds have recently added to or reduced their stakes in the business. Value Base Ltd. acquired a new stake in RADCOM in the 4th quarter valued at about $10,330,000. Essex Investment Management Co. LLC bought a new position in shares of RADCOM in the fourth quarter worth $2,832,000. ARK Investment Management LLC acquired a new stake in RADCOM in the 1st quarter valued at about $1,575,000. Legato Capital Management LLC acquired a new stake in shares of RADCOM in the fourth quarter worth $848,000. Finally, Walleye Capital LLC acquired a new stake in shares of RADCOM during the 4th quarter valued at about $681,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

RADCOM Stock Down 2.9%

NASDAQ:RDCM traded down $0.39 during mid-day trading on Wednesday, hitting $12.97. 23,791 shares of the company traded hands, compared to its average volume of 53,424. The stock's fifty day moving average price is $11.90 and its 200-day moving average price is $12.29. RADCOM has a one year low of $9.05 and a one year high of $15.98. The firm has a market cap of $203.14 million, a price-to-earnings ratio of 29.48 and a beta of 0.71.

Wall Street Analyst Weigh In

RDCM has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on RADCOM from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of RADCOM from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

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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