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

Silicom Ltd (NASDAQ:SILC - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,400 shares, a decline of 44.2% from the May 15th total of 4,300 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company's shares are short sold.

Silicom Stock Performance

NASDAQ SILC traded down $0.03 during trading hours on Tuesday, hitting $14.86. 454 shares of the company's stock were exchanged, compared to its average volume of 23,006. The business's 50 day moving average is $14.52 and its 200-day moving average is $15.34. Silicom has a 12-month low of $11.35 and a 12-month high of $18.24. The firm has a market capitalization of $84.23 million, a P/E ratio of -7.66 and a beta of 0.94.

Analyst Ratings Changes

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

Institutional Trading of Silicom

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in shares of Silicom in the 1st quarter worth $151,000. Worth Venture Partners LLC raised its holdings in shares of Silicom by 15.9% in the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after purchasing an additional 12,662 shares during the period. Systematic Financial Management LP raised its holdings in shares of Silicom by 0.4% in the 1st quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock worth $7,622,000 after purchasing an additional 1,872 shares during the period. First Wilshire Securities Management Inc. lifted its stake in shares of Silicom by 0.7% in 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 in the last quarter. Finally, Acuitas Investments LLC grew its holdings in shares of Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after purchasing an additional 9,341 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.