Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,000 shares, a drop of 72.2% from the January 15th total of 14,400 shares. Based on an average daily trading volume, of 35,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SILC. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom during the fourth quarter valued at about $266,000. GSA Capital Partners LLP raised its holdings in shares of Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after acquiring an additional 12,990 shares during the last quarter. Finally, Acuitas Investments LLC lifted its position in Silicom by 44.2% in the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock valued at $1,702,000 after acquiring an additional 31,990 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Silicom Price Performance

Shares of SILC stock traded down $0.36 on Thursday, reaching $16.30. 7,907 shares of the company were exchanged, compared to its average volume of 27,880. The company has a 50-day moving average of $16.33 and a 200-day moving average of $14.40. The company has a market cap of $110.19 million, a price-to-earnings ratio of -8.15 and a beta of 0.98. Silicom has a one year low of $11.35 and a one year high of $18.24.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.44). Silicom had a negative net margin of 20.66% and a negative return on equity of 8.83%.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Silicom in a research note on Monday, February 3rd.

Silicom Company Profile

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.