RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 77,800 shares, a growth of 28.4% from the March 15th total of 60,600 shares. Based on an average daily trading volume, of 85,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are short sold.

RADCOM Price Performance

Shares of RDCM stock traded down $0.63 on Monday, hitting $10.65. The company’s stock had a trading volume of 5,490 shares, compared to its average volume of 50,324. The stock has a market capitalization of $166.80 million, a price-to-earnings ratio of 24.21 and a beta of 0.77. The firm’s fifty day moving average price is $11.90 and its 200-day moving average price is $11.91. RADCOM has a fifty-two week low of $8.52 and a fifty-two week high of $15.98.

RADCOM (NASDAQ:RDCM) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Analysts predict that RADCOM will post 0.54 EPS for the current fiscal year.

Institutional Trading of RADCOM

A number of institutional investors and hedge funds have recently modified their holdings of RDCM. Public Employees Retirement System of Ohio acquired a new stake in shares of RADCOM during the 4th quarter valued at about $31,000. JPMorgan Chase & Co. lifted its holdings in RADCOM by 1,433.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock worth $57,000 after buying an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of RADCOM in the 4th quarter valued at about $62,000. Prudential Financial Inc. bought a new position in RADCOM in the fourth quarter valued at approximately $183,000. Finally, Northern Trust Corp acquired a new position in shares of RADCOM in the 4th quarter valued at $269,000. 48.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on RDCM. StockNews.com lowered shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of RADCOM in a research report on Friday, January 17th.

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.