Radware Ltd. (NASDAQ:RDWR) Sees Significant Increase in Short Interest

Radware Ltd. (NASDAQ:RDWR) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 925,564 shares, a growth of 36.8% from the December 15th total of 676,416 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily volume of 361,379 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 361,379 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.8% of the company’s shares are short sold.

Radware Price Performance

Shares of NASDAQ RDWR traded down $0.61 during midday trading on Friday, reaching $24.03. 206,025 shares of the stock were exchanged, compared to its average volume of 249,153. Radware has a 12 month low of $18.46 and a 12 month high of $31.57. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 63.24 and a beta of 0.94. The business has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $25.38.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RDWR shares. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Jefferies Financial Group set a $25.00 target price on shares of Radware in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Radware

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in shares of Radware by 4.5% during the 3rd quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 527 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Radware by 1.9% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 46,146 shares of the information technology services provider’s stock worth $1,222,000 after buying an additional 844 shares during the period. Engineers Gate Manager LP lifted its stake in Radware by 3.0% in the second quarter. Engineers Gate Manager LP now owns 34,055 shares of the information technology services provider’s stock valued at $1,003,000 after buying an additional 990 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Radware by 1.2% in the third quarter. Banque Cantonale Vaudoise now owns 88,643 shares of the information technology services provider’s stock valued at $2,348,000 after buying an additional 1,035 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Radware by 3.5% in the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after buying an additional 1,190 shares during the period. 73.12% of the stock is currently owned by institutional investors.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.