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

Key Points

• Silicom Ltd experienced a 34.0% decrease in short interest in September, with only 3,100 shares short sold as of September 15th.
• The company received mixed analyst ratings, with one upgrade to a "hold" and another maintaining a "sell" rating, leading to an average rating of "Reduce."
• Silicom's stock traded at $17.65 with a market capitalization of approximately $100.08 million, indicating a potential for growth compared to its 52-week range of $12.29 to $19.36.

Silicom Ltd (NASDAQ:SILC - Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,100 shares, a decrease of 34.0% from the August 31st total of 4,700 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company's shares are short sold. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

SILC has been the subject of a number of research reports. Wall Street Zen raised Silicom to a "hold" rating in a research note on Friday. Weiss Ratings reissued a "sell (e+)" rating on shares of Silicom in a research report on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce".

Silicom Price Performance

SILC stock traded up $0.23 during mid-day trading on Monday, reaching $17.65. The company had a trading volume of 19,407 shares, compared to its average volume of 19,143. The company has a market capitalization of $100.08 million, a price-to-earnings ratio of -7.74 and a beta of 0.95. Silicom has a 52 week low of $12.29 and a 52 week high of $19.36. The stock has a 50 day simple moving average of $16.79 and a two-hundred day simple moving average of $15.47.

Institutional Investors Weigh In On Silicom

A number of institutional investors and hedge funds have recently modified their holdings of the company. Systematic Financial Management LP grew its holdings in Silicom by 3.5% during the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company's stock worth $8,203,000 after purchasing an additional 18,139 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Silicom during the 1st quarter worth approximately $151,000. Worth Venture Partners LLC raised its stake in Silicom by 15.9% in the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock valued at $1,371,000 after acquiring an additional 12,662 shares during the period. First Wilshire Securities Management Inc. lifted its holdings in Silicom by 0.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock valued at $5,855,000 after purchasing an additional 2,783 shares during the last quarter. Finally, Acuitas Investments LLC grew its holdings in Silicom by 8.9% in the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after buying an additional 9,341 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

About Silicom

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.

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