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

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant decline in short interest during 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. Based on an average trading volume of 40,021 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 40,021 shares, the short-interest ratio is presently 0.1 days.

Silicom Stock Performance

SILC opened at $19.70 on Friday. The company has a market cap of $111.70 million, a price-to-earnings ratio of -9.80 and a beta of 1.06. Silicom has a one year low of $12.44 and a one year high of $23.00. The business’s fifty day moving average is $17.12 and its two-hundred day moving average is $16.53.

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

Institutional Trading of Silicom

A number of hedge funds have recently bought and sold shares of SILC. Hudson Bay Capital Management LP acquired a new position in Silicom in the 4th quarter valued at $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom in the fourth quarter valued at $2,639,000. Systematic Financial Management LP lifted its position in Silicom by 3.5% during the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock worth $8,203,000 after buying an additional 18,139 shares during the period. Susquehanna International Group LLP purchased a new position in Silicom during the third quarter worth about $277,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Silicom in the 1st quarter worth about $151,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Silicom Company Profile

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.