RADCOM Ltd. (NASDAQ:RDCM) Short Interest Up 18.1% in May

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

Wall Street Analysts Forecast Growth

RDCM has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on RADCOM from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised RADCOM from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new position in RADCOM during the 4th quarter worth $848,000. Prudential Financial Inc. acquired a new position in RADCOM during the 4th quarter worth $183,000. Northern Trust Corp acquired a new position in RADCOM during the 4th quarter worth $269,000. Citadel Advisors LLC grew its stake in RADCOM by 101.1% during the 4th quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock worth $483,000 after purchasing an additional 19,653 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in RADCOM by 6.2% during the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company's stock worth $1,367,000 after purchasing an additional 6,436 shares in the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

RADCOM Stock Performance

Shares of NASDAQ RDCM traded down $0.08 during trading on Friday, reaching $13.15. The stock had a trading volume of 50,996 shares, compared to its average volume of 53,794. RADCOM has a fifty-two week low of $9.05 and a fifty-two week high of $15.98. The business's 50-day moving average price is $11.99 and its 200-day moving average price is $12.33. The company has a market cap of $205.96 million, a P/E ratio of 29.89 and a beta of 0.75.

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.