RADCOM Ltd. (NASDAQ:RDCM) Sees Large Drop in Short Interest

RADCOM Ltd. (NASDAQ:RDCM) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 13,800 shares, a drop of 39.2% from the March 31st total of 22,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 47,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On RADCOM

Several large investors have recently made changes to their positions in RDCM. Acadian Asset Management LLC increased its position 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 worth $555,000 after acquiring an additional 18,681 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in RADCOM by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after purchasing an additional 18,100 shares in the last quarter. P.A.W. Capital Corp grew its holdings in RADCOM by 56.3% during the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 90,000 shares in the last quarter. Inflection Point Investments LLP acquired a new stake in RADCOM during the 4th quarter valued at $4,883,000. Finally, AWM Investment Company Inc. grew its holdings in RADCOM by 9.2% during the 3rd quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company’s stock valued at $6,552,000 after purchasing an additional 63,622 shares in the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RDCM shares. Needham & Company LLC raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Thursday, January 25th. StockNews.com began coverage on shares of RADCOM in a research note on Monday, February 12th. They set a “buy” rating on the stock.

RADCOM Price Performance

Shares of RADCOM stock remained flat at $8.66 during trading hours on Friday. 32,515 shares of the stock traded hands, compared to its average volume of 34,900. RADCOM has a 52 week low of $7.52 and a 52 week high of $12.10. The firm has a fifty day moving average price of $10.27 and a two-hundred day moving average price of $9.03. The firm has a market cap of $133.98 million, a P/E ratio of 36.08 and a beta of 0.73.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.17 earnings per share (EPS) for the quarter. RADCOM had a net margin of 7.20% and a return on equity of 5.20%. The company had revenue of $14.01 million during the quarter, compared to analyst estimates of $13.50 million. Analysts anticipate that RADCOM will post 0.37 EPS for the current 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.