RADCOM Ltd. (NASDAQ:RDCM) was the target of a sharp decline in short interest in January. As of January 31, there was short interest totaling 11,400 shares, a decrease of 61.1% from the total of 29,300 shares as of January 15. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 17,200 shares, the day-to-cover ratio is currently 0.7 days.
A number of large investors have recently changed their holdings in RDCM. Acadian Asset Management LLC increased its position in RADCOM by 107.8% during the 4th quarter. Acadian Asset Management LLC now owns 3,177 shares of the technology company worth $39,000 after buying 1,648 additional shares last quarter. Morgan Stanley increased its equity stake in RADCOM by 2,032.5% during the 1st quarter. Morgan Stanley now owns 4,265 shares of the technology company worth $42,000 after buying 4,065 more shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in RADCOM stock during Q4 worth approximately $43,000. Boston Partners increased its stake in RADCOM shares by 15.7% during the 4th quarter. Boston Partners now owns 49,480 shares of the technology company worth $646,000 after buying 6,719 additional shares in the last quarter. Finally, PAW Capital Corp increased its stake in RADCOM shares by 75.0% during the 3rd quarter. PAW Capital Corp now owns 91,000 shares of the technology company worth $1,037,000 after buying 39,000 more shares in the last quarter. 24.13% of the shares are currently held by hedge funds and other institutional investors.
Separately, Zacks Investment Research moved RADCOM shares from a “buy” rating to a “hold” rating in a Wednesday, January 12 research report.
NASDAQ:RDCM shares opened at $11.83 on Friday. The company’s 50-day moving average price is $11.95 and its two-hundred-day moving average price is $11.42. RADCOM has a one-year low of $8.93 and a one-year high of $14.70. The stock has a market capitalization of $164.80 million, a PE ratio of -38.16 and a beta of 1.09.
RADCOM Inc (NASDAQ:RDCM) last released its quarterly results on Thursday, November 11. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. RADCOM had a negative net margin of 11.11% and a negative return on equity of 6.16%. The company posted revenue of $10.23 million for the quarter, versus $10.00 million expected by analysts. During the same period of the previous year, the company posted ($0.03) EPS. As a group, research analysts expect RADCOM to post -0.42 EPS for the current year.
RADCOM Ltd. is committed to providing cloud-native network visibility, service assurance, and customer and service experience management. Its products include RADCOM Network Visibility, RADCOM Service Assurance and RADCOM Network Insights. The company was founded by Yehuda Zisapel, Zohar Zisapel and Nava Zisapel on July 5, 1985 and is headquartered in Tel Aviv, Israel.
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