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

Key Points

• Short interest rose 25.9% in April to 9,274 shares (about 0.2% of shares outstanding) with a days-to-cover ratio of 0.3, indicating a notable pickup in short activity from March.
• Silicom shares traded up 2.1% to $28.13 midday, sit between a 12‑month low of $13.34 and high of $32.85, and the company has a market cap of about $159.6M with a negative P/E of -14.0.
• In its latest quarter Silicom reported EPS of -$0.34 (beating estimates by $0.03) and revenue of $16.91M (also above consensus) despite a negative net margin and ROE, while institutional investors now own roughly 52.85% of the stock with several funds recently initiating or increasing positions.

Silicom Ltd (NASDAQ:SILC - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 9,274 shares, a growth of 25.9% from the March 31st total of 7,366 shares. Based on an average trading volume of 36,025 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Silicom Stock Up 2.1%

Shares of NASDAQ SILC traded up $0.59 during midday trading on Wednesday, hitting $28.13. 37,624 shares of the company's stock were exchanged, compared to its average volume of 57,040. Silicom has a 12 month low of $13.34 and a 12 month high of $32.85. The company's 50 day moving average price is $22.17 and its 200 day moving average price is $18.21. The firm has a market capitalization of $159.61 million, a PE ratio of -14.00 and a beta of 0.98.

Silicom (NASDAQ:SILC - Get Free Report) last issued its earnings results on Thursday, January 29th. The technology company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.03. Silicom had a negative return on equity of 9.50% and a negative net margin of 18.54%.The company had revenue of $16.91 million during the quarter, compared to the consensus estimate of $15.65 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SILC. Bank of America Corp DE acquired a new position in Silicom in the 4th quarter valued at $29,000. Goldman Sachs Group Inc. acquired a new position in Silicom in the 1st quarter valued at $151,000. GSA Capital Partners LLP grew its holdings in Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company's stock valued at $260,000 after buying an additional 2,361 shares in the last quarter. Citadel Advisors LLC grew its holdings in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company's stock valued at $292,000 after buying an additional 1,117 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Silicom in the 3rd quarter valued at $277,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Company Profile

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom's solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.

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