RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 27,000 shares, an increase of 297.1% from the February 29th total of 6,800 shares. Based on an average daily trading volume, of 43,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

A number of analysts have recently issued reports on RDCM shares. StockNews.com started coverage on shares of RADCOM in a research report on Monday, February 12th. They set a “buy” rating on the stock. Needham & Company LLC upgraded RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, January 25th.

RADCOM Stock Performance

Shares of RDCM traded up $0.36 during mid-day trading on Thursday, reaching $11.16. 19,816 shares of the company’s stock traded hands, compared to its average volume of 46,133. The business’s 50-day moving average price is $10.16 and its 200-day moving average price is $8.86. The stock has a market capitalization of $164.50 million, a P/E ratio of 46.50 and a beta of 0.72. RADCOM has a 12 month low of $7.52 and a 12 month high of $12.10.

RADCOM (NASDAQ:RDCM) last released its earnings results on Wednesday, January 31st. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $14.01 million for the quarter, compared to analysts’ expectations of $13.50 million. RADCOM had a net margin of 7.20% and a return on equity of 5.20%. Equities research analysts anticipate that RADCOM will post 0.37 EPS for the current year.

Institutional Investors Weigh In On RADCOM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of RADCOM by 114.2% in the first quarter. JPMorgan Chase & Co. now owns 3,547 shares of the technology company’s stock worth $46,000 after buying an additional 1,891 shares during the period. Millennium Management LLC purchased a new position in RADCOM during the 2nd quarter worth approximately $123,000. BlackRock Inc. acquired a new stake in RADCOM during the 1st quarter valued at $169,000. Acadian Asset Management LLC lifted its holdings in shares of RADCOM by 39.9% in the third quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock valued at $555,000 after purchasing an additional 18,681 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of RADCOM by 18.8% in the third quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock worth $992,000 after buying an additional 18,100 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

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.