Silicom Ltd (NASDAQ:SILC) Short Interest Up 15,022.9% in January

Silicom Ltd (NASDAQ:SILC) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 14,518 shares, an increase of 15,022.9% from the January 15th total of 96 shares. Based on an average daily volume of 119,525 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 119,525 shares, the days-to-cover ratio is presently 0.1 days.

Silicom Price Performance

Shares of SILC opened at $19.40 on Thursday. Silicom has a 1-year low of $12.44 and a 1-year high of $23.00. The company has a market capitalization of $110.00 million, a P/E ratio of -9.65 and a beta of 1.06. The firm’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $16.26.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%. The firm had revenue of $16.91 million for the quarter, compared to analyst estimates of $15.65 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicom in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Silicom

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of Silicom during the 4th quarter valued at about $29,000. Goldman Sachs Group Inc. bought a new position in Silicom during the first quarter valued at approximately $151,000. GSA Capital Partners LLP raised its stake in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after acquiring an additional 2,361 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Silicom in the 3rd quarter worth approximately $277,000. Finally, Citadel Advisors LLC boosted its stake in shares of Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.