Short Interest in Silicom Ltd (NASDAQ:SILC) Declines By 77.1%

Silicom Ltd (NASDAQ:SILC) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,321 shares, a decline of 77.1% from the January 29th total of 14,518 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 40,021 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 40,021 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Silicom

A number of hedge funds and other institutional investors have recently made changes to their positions in SILC. Bank of America Corp DE bought a new position in Silicom in the 4th quarter worth approximately $29,000. Barclays PLC increased its stake in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Silicom during the first quarter worth $151,000. GSA Capital Partners LLP raised 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 acquiring an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Silicom during the third quarter valued at $277,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Silicom Price Performance

Silicom stock opened at $20.25 on Thursday. Silicom has a 52-week low of $12.44 and a 52-week high of $23.00. The stock has a fifty day moving average price of $16.90 and a two-hundred day moving average price of $16.48. The firm has a market capitalization of $114.82 million, a P/E ratio of -10.07 and a beta of 1.06.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, January 29th. The technology company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. The business had revenue of $16.91 million for the quarter, compared to analyst estimates of $15.65 million. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%.

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.