RADCOM Ltd. (NASDAQ:RDCM) Short Interest Down 33.3% in November

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,400 shares, a drop of 33.3% from the October 31st total of 6,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of RADCOM

A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in RADCOM by 6.2% in the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock worth $881,000 after purchasing an additional 5,628 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of RADCOM during the 1st quarter worth approximately $159,000. Finally, Janney Montgomery Scott LLC boosted its holdings in RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after acquiring an additional 70,544 shares during the period. 48.32% of the stock is currently owned by institutional investors.

RADCOM Stock Up 0.8 %

RDCM traded up $0.10 on Friday, hitting $11.95. The company had a trading volume of 51,189 shares, compared to its average volume of 83,663. RADCOM has a 12-month low of $7.70 and a 12-month high of $12.84. The business’s fifty day simple moving average is $10.76 and its 200 day simple moving average is $9.98. The company has a market cap of $187.14 million, a PE ratio of 25.43 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. 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 restated a “buy” rating and set a $14.00 price target on shares of RADCOM in a report on Thursday, August 8th.

RADCOM Company Profile

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.