Short Interest in Silicom Ltd. (NASDAQ:SILC) Increases By 43.3%

Silicom Ltd. (NASDAQ:SILC - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 4,300 shares, a growth of 43.3% from the April 30th total of 3,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 19,500 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a "hold" rating on shares of Silicom in a research report on Tuesday, April 29th.

Institutional Investors Weigh In On Silicom

Several institutional investors and hedge funds have recently added to or reduced their stakes in SILC. Goldman Sachs Group Inc. bought a new position in Silicom in the 1st quarter valued at $151,000. Worth Venture Partners LLC grew its holdings in Silicom by 15.9% in the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after purchasing an additional 12,662 shares during the period. Systematic Financial Management LP raised its position in Silicom by 0.4% in the first quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock worth $7,622,000 after acquiring an additional 1,872 shares during the period. First Wilshire Securities Management Inc. grew its stake in Silicom by 0.7% during the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock valued at $5,855,000 after acquiring an additional 2,783 shares in the last quarter. Finally, Acuitas Investments LLC boosted its stake in shares of Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after purchasing an additional 9,341 shares during the period. Hedge funds and other institutional investors own 52.85% of the company's stock.

Silicom Price Performance

SILC stock traded down $0.50 during midday trading on Tuesday, reaching $14.15. 15,079 shares of the stock were exchanged, compared to its average volume of 23,332. The stock has a market capitalization of $80.29 million, a PE ratio of -7.08 and a beta of 0.93. Silicom has a 52 week low of $11.35 and a 52 week high of $18.24. The company has a fifty day moving average price of $14.35 and a 200 day moving average price of $15.29.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.