Silicom Ltd (NASDAQ:SILC) Short Interest Up 111.7% in April

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 19,634 shares, an increase of 111.7% from the April 15th total of 9,274 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 109,150 shares, the short-interest ratio is presently 0.2 days.

Insider Transactions at Silicom

In related news, VP David Hendel sold 1,000 shares of Silicom stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total value of $44,370.00. Following the completion of the transaction, the vice president owned 1,000 shares in the company, valued at approximately $44,370. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eran Gilad sold 6,000 shares of Silicom stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $44.18, for a total value of $265,080.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 25,423 shares of company stock worth $1,137,464. 25.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Silicom

Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its position in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom during the fourth quarter valued at $2,639,000. First Wilshire Securities Management Inc. grew its holdings in shares of Silicom by 3.6% during the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Silicom during the first quarter valued at $537,000. Finally, Bank of America Corp DE purchased a new stake in shares of Silicom during the fourth quarter valued at $29,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Stock Performance

NASDAQ SILC traded down $2.90 during trading on Friday, hitting $48.08. The stock had a trading volume of 227,504 shares, compared to its average volume of 168,717. The stock has a market capitalization of $274.34 million, a price-to-earnings ratio of -24.91 and a beta of 1.59. Silicom has a one year low of $13.34 and a one year high of $52.58. The stock has a 50 day simple moving average of $27.20 and a 200 day simple moving average of $20.15.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.11. The firm had revenue of $19.10 million during the quarter, compared to analyst estimates of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.