RADCOM Ltd. (NASDAQ:RDCM) Sees Significant Decline in Short Interest

RADCOM Ltd. (NASDAQ:RDCM) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 4,400 shares, a decrease of 33.3% from the October 31st total of 6,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 48,100 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On RADCOM

Several institutional investors have recently bought and sold shares of RDCM. Quadrature Capital Ltd bought a new stake in RADCOM during the 1st quarter valued at $159,000. Acadian Asset Management LLC boosted its position in RADCOM by 6.2% during the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock valued at $881,000 after purchasing an additional 5,628 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after purchasing an additional 70,544 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

RADCOM Price Performance

Shares of NASDAQ:RDCM traded up $0.10 during trading hours on Friday, hitting $11.95. The company’s stock had a trading volume of 51,189 shares, compared to its average volume of 83,663. The firm’s fifty day moving average price is $10.76 and its 200 day moving average price is $9.98. RADCOM has a 52 week low of $7.70 and a 52 week high of $12.84. The company has a market capitalization of $187.14 million, a price-to-earnings ratio of 25.43 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RDCM. StockNews.com raised shares of RADCOM from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.

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.