RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 50,900 shares, an increase of 246.3% from the January 31st total of 14,700 shares. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On RADCOM

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of RADCOM in the fourth quarter worth about $31,000. JPMorgan Chase & Co. lifted its position in shares of RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after acquiring an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in RADCOM in the 4th quarter worth approximately $62,000. Prudential Financial Inc. purchased a new position in RADCOM during the 4th quarter worth approximately $183,000. Finally, Northern Trust Corp acquired a new stake in RADCOM during the 4th quarter valued at $269,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Wall Street Analyst Weigh In

RDCM has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of RADCOM in a report on Friday, January 17th. StockNews.com cut shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

RADCOM Stock Performance

RADCOM stock opened at $12.13 on Friday. The firm has a market cap of $189.98 million, a price-to-earnings ratio of 27.57 and a beta of 0.90. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98. The firm’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $11.48.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. As a group, equities analysts predict that RADCOM will post 0.54 EPS for the current fiscal year.

RADCOM Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.