RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 18,000 shares, a growth of 718.2% from the December 31st total of 2,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,600 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RDCM. StockNews.com raised shares of RADCOM from a “buy” rating to a “strong-buy” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Performance

RDCM traded down $0.17 on Tuesday, reaching $12.88. The company had a trading volume of 55,882 shares, compared to its average volume of 81,940. The stock has a market cap of $201.70 million, a P/E ratio of 27.40 and a beta of 0.89. RADCOM has a fifty-two week low of $8.52 and a fifty-two week high of $14.32. The company’s fifty day moving average is $12.31 and its 200 day moving average is $10.87.

Hedge Funds Weigh In On RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC boosted its position in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,064 shares of the technology company’s stock after buying an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned approximately 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

About RADCOM

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.