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 target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 800 shares, an increase of 60.0% from the June 30th total of 500 shares. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SILC. Bank of America Corp DE acquired a new position in Silicom during the fourth quarter worth $29,000. Goldman Sachs Group Inc. acquired a new stake in Silicom in the first quarter valued at $151,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Silicom during the 4th quarter worth about $266,000. Northern Trust Corp bought a new stake in shares of Silicom during the 4th quarter worth about $1,050,000. Finally, Worth Venture Partners LLC boosted its holdings in shares of Silicom by 15.9% during the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after buying an additional 12,662 shares during the period. Institutional investors and hedge funds own 52.85% of the company's stock.

Silicom Trading Up 1.6%

Shares of SILC stock traded up $0.25 during trading hours on Tuesday, hitting $16.25. 3,713 shares of the company were exchanged, compared to its average volume of 18,247. The business has a 50 day moving average of $15.18 and a two-hundred day moving average of $15.34. Silicom has a 52 week low of $11.35 and a 52 week high of $18.24. The company has a market capitalization of $92.14 million, a PE ratio of -8.38 and a beta of 0.93.

Analyst Ratings Changes

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

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.

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