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

Silicom Ltd. (NASDAQ:SILC) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 2,400 shares, a decline of 44.2% from the May 15th total of 4,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 0.1 days.

Silicom Stock Performance

NASDAQ SILC traded up $0.11 during trading hours on Monday, reaching $14.97. The stock had a trading volume of 3,006 shares, compared to its average volume of 23,039. Silicom has a 52-week low of $11.35 and a 52-week high of $18.24. The stock has a market cap of $84.91 million, a P/E ratio of -7.48 and a beta of 0.94. The stock has a fifty day moving average of $14.44 and a 200 day moving average of $15.33.

Institutional Investors Weigh In On Silicom

Several hedge funds and other institutional investors have recently made changes to their positions in SILC. Northern Trust Corp purchased a new position in Silicom in the 4th quarter valued at $1,050,000. Acuitas Investments LLC raised its position in Silicom by 44.2% in the fourth quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock worth $1,702,000 after acquiring an additional 31,990 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Silicom by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock valued at $8,324,000 after purchasing an additional 20,727 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom during the 4th quarter worth approximately $266,000. Finally, Worth Venture Partners LLC grew its holdings in Silicom by 15.9% during the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock valued at $1,371,000 after buying an additional 12,662 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “hold” rating on shares of Silicom in a research report on Tuesday, April 29th.

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.