Silicom Ltd. (NASDAQ:SILC) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Silicom

Hedge funds have recently modified their holdings of the company. Northern Trust Corp acquired a new stake in shares of Silicom during the 4th quarter valued at $1,050,000. Arrowstreet Capital Limited Partnership acquired a new position in Silicom during the 4th quarter worth about $266,000. Acuitas Investments LLC lifted its holdings in Silicom by 44.2% during the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company's stock worth $1,702,000 after buying an additional 31,990 shares during the period. Systematic Financial Management LP lifted its holdings in Silicom by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock worth $8,324,000 after buying an additional 20,727 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in Silicom during the 1st quarter worth about $151,000. Institutional investors and hedge funds own 52.85% of the company's stock.

Wall Street Analyst Weigh In

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

Silicom Stock Down 0.2%

Shares of SILC stock traded down $0.04 during trading hours on Thursday, reaching $14.62. The company's stock had a trading volume of 13,289 shares, compared to its average volume of 23,422. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $18.24. The company has a market capitalization of $82.93 million, a price-to-earnings ratio of -7.31 and a beta of 0.93. The firm's 50 day simple moving average is $14.33 and its 200-day simple moving average is $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.