Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Grows By 718.2%

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 18,000 shares, a growth of 718.2% from the December 31st total of 2,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 59,600 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

RDCM has been the subject of a number of recent research reports. StockNews.com raised RADCOM from a “buy” rating to a “strong-buy” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of RADCOM in a report on Friday, January 17th.

Institutional Investors Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC boosted its stake in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,064 shares of the technology company’s stock after purchasing an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned about 1.94% of RADCOM worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 48.32% of the stock is currently owned by institutional investors and hedge funds.

RADCOM Price Performance

Shares of NASDAQ:RDCM traded down $0.17 during trading on Tuesday, hitting $12.88. 55,882 shares of the company were exchanged, compared to its average volume of 81,940. RADCOM has a 52-week low of $8.52 and a 52-week high of $14.32. The stock has a 50 day moving average of $12.31 and a 200 day moving average of $10.87. The company has a market cap of $201.70 million, a PE ratio of 27.40 and a beta of 0.89.

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.