Radcom Ltd. (NASDAQ:RDCM) Sees Significant Increase in Short Interest

Radcom Ltd. (NASDAQ:RDCM – Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 105,612 shares, a growth of 49.5% from the January 29th total of 70,658 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the company’s shares are sold short. Get Radcom alerts: Sign Up Analyst Upgrades and Downgrades RDCM has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Radcom in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00. View Our Latest Research Report on Radcom Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in RDCM. Corton Capital Inc. acquired a new stake in shares of Radcom in the 2nd quarter worth about $210,000. Acadian Asset Management LLC grew its stake in shares of Radcom by 13.3% in the 2nd quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company’s stock worth $4,406,000 after acquiring an additional 38,284 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Radcom by 20.5% in the 2nd quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock worth $1,497,000 after acquiring an additional 18,708 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Radcom in the second quarter valued at about $165,000. Finally, Raymond James Financial Inc. bought a new position in shares of Radcom during the second quarter valued at about $34,000. 48.32% of the stock is owned by institutional investors. Radcom Trading Down 1.7% RDCM opened at $11.39 on Friday. The company has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $13.17. Radcom has a 1-year low of $9.88 and a 1-year high of $15.15. The company has a market cap of $186.91 million, a P/E ratio of 15.82 and a beta of 0.56. Radcom (NASDAQ:RDCM – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Radcom had a return on equity of 11.53% and a net margin of 16.77%.The business had revenue of $18.86 million for the quarter, compared to the consensus estimate of $18.46 million. On average, research analysts forecast that Radcom will post 0.54 EPS for the current fiscal year. About Radcom Radcom Ltd. NASDAQ: RDCM is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.