Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 17,600 shares, a decline of 18.1% from the December 15th total of 21,500 shares. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Silicom Stock Up 0.8 %

Silicom stock traded up $0.14 during trading on Thursday, hitting $17.18. The stock had a trading volume of 10,995 shares, compared to its average volume of 47,319. The stock’s 50 day moving average is $15.17 and its two-hundred day moving average is $14.22. Silicom has a 1 year low of $11.35 and a 1 year high of $18.24. The stock has a market cap of $116.07 million, a price-to-earnings ratio of -5.73 and a beta of 0.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP raised its holdings in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,482 shares of the technology company’s stock after purchasing an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 as of its most recent filing with the Securities & Exchange Commission. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC initiated coverage on shares of Silicom in a report on Monday, November 4th. They set a “hold” rating for the company.

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.