Silicom Ltd. (NASDAQ:SILC) Short Interest Down 18.3% in November

Silicom Ltd. (NASDAQ:SILC) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 20,100 shares, a decrease of 18.3% from the October 31st total of 24,600 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

SILC has been the topic of a number of recent research reports. Needham & Company LLC began coverage on shares of Silicom in a research note on Monday, November 4th. They set a “hold” rating on the stock. StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Institutional Trading of Silicom

Several hedge funds have recently added to or reduced their stakes in SILC. GSA Capital Partners LLP increased its stake in shares of Silicom by 89.6% in the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after buying an additional 12,990 shares during the period. Acadian Asset Management LLC raised its position in shares of Silicom by 59.8% in the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after acquiring an additional 5,749 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Silicom during the first quarter valued at $256,000. 52.85% of the stock is owned by institutional investors.

Silicom Stock Performance

SILC stock opened at $13.03 on Friday. Silicom has a one year low of $11.35 and a one year high of $19.04. The company has a market capitalization of $88.08 million, a PE ratio of -4.34 and a beta of 1.04. The company’s 50 day moving average price is $13.75 and its two-hundred day moving average price is $14.26.

Silicom Company Profile

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.