Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Grows By 28.4%

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 77,800 shares, a growth of 28.4% from the March 15th total of 60,600 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 85,000 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RDCM shares. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of RADCOM in a research note on Friday, January 17th. StockNews.com lowered shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

RADCOM Price Performance

Shares of NASDAQ RDCM traded down $0.63 during midday trading on Monday, reaching $10.65. The company’s stock had a trading volume of 5,490 shares, compared to its average volume of 50,324. The stock has a market capitalization of $166.80 million, a P/E ratio of 24.21 and a beta of 0.77. RADCOM has a 12-month low of $8.52 and a 12-month high of $15.98. The firm has a 50 day moving average price of $11.90 and a 200-day moving average price of $11.91.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. On average, equities analysts predict that RADCOM will post 0.54 EPS for the current year.

Institutional Trading of RADCOM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDCM. Public Employees Retirement System of Ohio bought a new stake in shares of RADCOM during the 4th quarter valued at about $31,000. JPMorgan Chase & Co. boosted its position in shares of RADCOM by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in RADCOM in the fourth quarter worth $62,000. Russell Investments Group Ltd. boosted its holdings in shares of RADCOM by 6.2% during the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company’s stock valued at $1,367,000 after buying an additional 6,436 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 9,147 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

RADCOM Company Profile

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.