Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 20,100 shares, a drop of 18.3% from the October 31st total of 24,600 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Silicom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its position in Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after buying an additional 12,990 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Silicom by 59.8% during the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after purchasing an additional 5,749 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Silicom during the 1st quarter valued at $256,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Stock Down 2.1 %

SILC stock opened at $13.03 on Monday. Silicom has a 12-month low of $11.35 and a 12-month high of $19.04. The company has a market cap of $88.08 million, a price-to-earnings ratio of -4.34 and a beta of 1.04. The company has a 50 day moving average of $13.75 and a two-hundred day moving average of $14.26.

Wall Street Analyst Weigh In

A number of research firms recently commented on SILC. Needham & Company LLC began coverage on shares of Silicom in a research note on Monday, November 4th. They issued a “hold” rating for the company. StockNews.com raised shares of Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st.

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.