RADCOM Ltd. (NASDAQ:RDCM) Brief Interest Update

RADCOM Ltd. (NASDAQ: RDCM – Get Rating) benefited from a sharp fall in short interest during the month of April. As of April 30, there was short interest totaling 8,800 shares, down 27.3% from the total of 12,100 shares as of April 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume of 21,900 shares, the days-to-cover ratio is currently 0.4 days.

Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in RADCOM shares by 107.8% in the fourth quarter. Acadian Asset Management LLC now owns 3,177 shares of the tech company valued at $39,000 after buying 1,648 additional shares in the last quarter. JPMorgan Chase & Co. increased its position in RADCOM shares by 114.2% in the first quarter. JPMorgan Chase & Co. now owns 3,547 shares of the technology company valued at $46,000 after buying 1,891 additional shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in RADCOM stock in the fourth quarter valued at approximately $43,000. Riggs Asset Management Co. Inc. acquired a new position in RADCOM stock in the first quarter valued at approximately $49,000. Finally, Morgan Stanley increased its position in RADCOM shares by 2,032.5% in the first quarter. Morgan Stanley now owns 4,265 shares of the technology company valued at $42,000 after buying an additional 4,065 shares in the last quarter. 34.69% of the shares are currently held by institutional investors.

Separately, Zacks Investment Research downgraded RADCOM from a “buy” rating to a “hold” rating in a Wednesday, April 27 research report.

Shares of RADCOM opened at $11.61 on Friday. RADCOM has a 12-month low of $9.26 and a 12-month high of $14.70. The company has a fifty-day simple moving average of $11.50 and a 200-day simple moving average of $11.66. The stock has a market capitalization of $167.53 million, a PE ratio of -38.70 and a beta of 1.13.

RADCOM (NASDAQ:RDCM – Get Rating) last released its results on Thursday, May 12. The technology company reported earnings per share (EPS) of $0.04 for the quarter, beating analyst consensus estimates of ($0.04) by $0.08. RADCOM had a negative return on equity of 7.46% and a negative net margin of 13.06%. In the same period of the previous year, the company had earned earnings per share of ($0.12). As a group, research analysts predict RADCOM will post -0.36 earnings per share for the current fiscal year.

About RADCOM (Get a rating)

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

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