Short Interest in Silicom Ltd (NASDAQ:SILC) Rises By 111.7%

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 19,634 shares, an increase of 111.7% from the April 15th total of 9,274 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 109,150 shares, the short-interest ratio is presently 0.2 days.

Insider Activity

In other Silicom news, Director Avinoam Eizenman sold 9,023 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.66, for a total value of $402,967.18. Following the sale, the director directly owned 188,736 shares of the company’s stock, valued at approximately $8,428,949.76. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Liron Eizenman sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total value of $402,547.00. Following the completion of the sale, the chief executive officer directly owned 15,500 shares in the company, valued at approximately $701,065. The trade was a 36.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,438 shares of company stock valued at $1,234,244 over the last 90 days. Company insiders own 25.38% of the company’s stock.

Institutional Trading of Silicom

A number of institutional investors have recently made changes to their positions in the company. First Wilshire Securities Management Inc. boosted its stake in shares of Silicom by 3.6% in the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after acquiring an additional 10,834 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom in the fourth quarter worth approximately $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom in the fourth quarter worth approximately $2,639,000. Renaissance Technologies LLC purchased a new position in Silicom during the first quarter worth approximately $537,000. Finally, Citadel Advisors LLC lifted its position in Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after buying an additional 1,117 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Trading Down 6.0%

SILC traded down $2.87 during trading on Monday, hitting $45.21. The company’s stock had a trading volume of 105,051 shares, compared to its average volume of 79,426. Silicom has a twelve month low of $13.34 and a twelve month high of $52.58. The business’s fifty day simple moving average is $27.20 and its 200 day simple moving average is $20.17. The firm has a market capitalization of $258.15 million, a price-to-earnings ratio of -23.42 and a beta of 1.59.

Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.11. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.The company had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.