AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 350,700 shares, agrowthof64.0% from the July 15th total of 213,800 shares. Based on an average daily trading volume, of 102,700 shares, the short-interest ratio is presently 3.4 days. Approximately1.7% of the shares of the stock are short sold. Approximately1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 102,700 shares, the short-interest ratio is presently 3.4 days.
AudioCodes Trading Up 0.3%
AUDC traded up $0.03 during trading on Monday, reaching $9.83. The stock had a trading volume of 98,298 shares, compared to its average volume of 103,595. The stock's 50 day moving average is $9.75 and its two-hundred day moving average is $9.81. The company has a market capitalization of $278.74 million, a price-to-earnings ratio of 21.86 and a beta of 0.86. AudioCodes has a one year low of $7.70 and a one year high of $12.72.
AudioCodes Announces Dividend
The business also recently disclosed a half year 25 dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, August 14th. This represents a yield of 350.0%. AudioCodes's payout ratio is presently 88.89%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on AUDC shares. Wall Street Zen downgraded AudioCodes from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Needham & Company LLC reiterated a "buy" rating and issued a $12.50 price objective on shares of AudioCodes in a report on Wednesday, May 7th.
Check Out Our Latest Stock Report on AudioCodes
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in AudioCodes during the second quarter valued at $43,000. Jump Financial LLC purchased a new position in AudioCodes during the second quarter valued at $127,000. Cubist Systematic Strategies LLC raised its stake in shares of AudioCodes by 56.0% in the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider's stock worth $185,000 after purchasing an additional 7,052 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of AudioCodes by 38.3% in the second quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider's stock worth $386,000 after purchasing an additional 10,877 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of AudioCodes in the fourth quarter worth $406,000. Hedge funds and other institutional investors own 68.05% of the company's stock.
About AudioCodes
(
Get Free Report)
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.
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