Silicom Ltd. (NASDAQ:SILC) Sees Significant Decrease in Short Interest

Silicom Ltd. (NASDAQ:SILC) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 17,600 shares, a decrease of 18.1% from the December 15th total of 21,500 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is currently 0.5 days.

Silicom Stock Down 1.7 %

NASDAQ SILC traded down $0.29 during trading hours on Friday, hitting $16.89. 9,432 shares of the company were exchanged, compared to its average volume of 41,438. The firm has a market cap of $114.18 million, a price-to-earnings ratio of -5.63 and a beta of 0.96. The company has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.23. Silicom has a 52-week low of $11.35 and a 52-week high of $18.24.

Analysts Set New Price Targets

Separately, Needham & Company LLC initiated coverage on shares of Silicom in a research note on Monday, November 4th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Silicom stock. Acadian Asset Management LLC lifted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 59.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,370 shares of the technology company’s stock after purchasing an additional 5,749 shares during the period. Acadian Asset Management LLC owned about 0.23% of Silicom worth $228,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.