Silicom Ltd (NASDAQ:SILC) Short Interest Up 60.0% in July

Key Points

• Silicom Ltd (NASDAQ:SILC) saw a 60.0% increase in short interest in July, rising from 500 shares to 800 shares as of July 15th.
• Several institutional investors, including Bank of America and Goldman Sachs, have recently taken new stakes in Silicom, which now has 52.85% of its stock owned by institutional investors.
• The company's shares traded up 1.6% to $16.25, with a market capitalization of $92.14 million and a 52-week trading range between $11.35 and $18.24.

Silicom Ltd (NASDAQ:SILC - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 800 shares, anincreaseof60.0% from the June 30th total of 500 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Silicom Trading Up 6.8%

SILC stock traded up $1.13 during mid-day trading on Friday, reaching $17.63. The company's stock had a trading volume of 32,077 shares, compared to its average volume of 15,703. The stock has a market cap of $99.96 million, a PE ratio of -7.73 and a beta of 0.93. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $18.61. The company's 50 day moving average is $15.32 and its two-hundred day moving average is $15.35.

Institutional Trading of Silicom

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp purchased a new stake in shares of Silicom in the 4th quarter valued at approximately $1,050,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Silicom in the 4th quarter valued at approximately $266,000. Acuitas Investments LLC grew its stake in shares of 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 during the period. Systematic Financial Management LP grew its stake in shares of Silicom by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock valued at $8,324,000 after buying an additional 20,727 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the 1st quarter valued at approximately $151,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

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.