Short Interest in Silicom Ltd. (NASDAQ:SILC) Drops By 22.1%

Silicom Ltd. (NASDAQ:SILC) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 36,000 shares, a decrease of 22.1% from the August 15th total of 46,200 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages have recently commented on SILC. Needham & Company LLC cut shares of Silicom from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Silicom Stock Down 1.5 %

NASDAQ SILC traded down $0.19 during trading on Tuesday, reaching $12.97. 11,886 shares of the stock traded hands, compared to its average volume of 30,308. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $26.10. The firm has a market cap of $87.63 million, a price-to-earnings ratio of -8.26 and a beta of 1.04. The stock’s 50-day moving average price is $13.67 and its 200 day moving average price is $14.96.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. The company had revenue of $14.50 million during the quarter. Silicom had a negative net margin of 19.62% and a negative return on equity of 9.92%.

Institutional Investors Weigh In On Silicom

Several large investors have recently modified their holdings of SILC. Quadrature Capital Ltd acquired a new position in shares of Silicom in the 1st quarter valued at approximately $256,000. Kent Lake Capital LLC lifted its stake in Silicom by 5.0% in the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after buying an additional 15,000 shares in the last quarter. Isthmus Partners LLC boosted its holdings in shares of Silicom by 16.9% in the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after buying an additional 8,806 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after acquiring an additional 5,749 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.

About Silicom

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.