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

Key Points

• Silicom Ltd experienced a significant increase in short interest, rising by 193.8% in August, with total short interest reaching 4,700 shares by the end of the month.
• The company’s stock is currently priced at $18.30, with a twelve-month trading range between $12.29 and $19.36.
• Institutional investors hold 52.85% of Silicom's shares, with notable increases in holdings from multiple firms in recent quarters.

Silicom Ltd (NASDAQ:SILC - Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,700 shares, an increase of 193.8% from the August 15th total of 1,600 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's stock are short sold.

Hedge Funds Weigh In On Silicom

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of Silicom during the 4th quarter valued at approximately $29,000. Goldman Sachs Group Inc. bought a new position in Silicom during the first quarter worth $151,000. Northern Trust Corp bought a new position in Silicom during the fourth quarter worth $1,050,000. Worth Venture Partners LLC lifted its stake in Silicom by 15.9% during the first 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 last quarter. Finally, Acuitas Investments LLC lifted its stake in Silicom by 8.9% during the first 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 last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Stock Up 4.0%

Shares of Silicom stock traded up $0.71 on Thursday, hitting $18.42. 13,318 shares of the company's stock traded hands, compared to its average volume of 18,745. The stock has a market cap of $104.44 million, a P/E ratio of -8.08 and a beta of 0.97. The firm's 50-day moving average is $16.34 and its 200 day moving average is $15.27. Silicom has a 52-week low of $12.29 and a 52-week high of $19.36.

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.