Radcom Ltd. (NASDAQ:RDCM) Short Interest Update

Radcom Ltd. (NASDAQ:RDCM - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 97,900 shares, an increase of 28.5% from the May 15th total of 76,200 shares. Based on an average daily trading volume, of 42,100 shares, the short-interest ratio is currently 2.3 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Radcom in the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. boosted its position in Radcom by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after purchasing an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in Radcom in the fourth quarter valued at $62,000. Prudential Financial Inc. acquired a new stake in Radcom in the fourth quarter valued at $183,000. Finally, Northern Trust Corp purchased a new position in shares of Radcom in the fourth quarter valued at $269,000. 48.32% of the stock is owned by hedge funds and other institutional investors.

Radcom Stock Down 6.7%

Shares of NASDAQ RDCM traded down $0.86 during midday trading on Friday, hitting $11.89. The company had a trading volume of 61,666 shares, compared to its average volume of 53,921. The firm has a market capitalization of $186.20 million, a price-to-earnings ratio of 22.02 and a beta of 0.75. Radcom has a twelve month low of $9.08 and a twelve month high of $15.98. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $12.38.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Radcom from $17.00 to $18.00 and gave the company 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 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.