Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 2,400 shares, a decrease of 44.2% from the May 15th total of 4,300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Silicom in a research report on Tuesday, April 29th.

Silicom Stock Performance

SILC traded up $0.11 during midday trading on Monday, hitting $14.97. The company had a trading volume of 3,006 shares, compared to its average volume of 23,039. Silicom has a twelve month low of $11.35 and a twelve month high of $18.24. The firm’s 50-day simple moving average is $14.44 and its 200-day simple moving average is $15.33. The company has a market capitalization of $84.91 million, a PE ratio of -7.48 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Silicom during the 4th quarter valued at about $29,000. Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the first quarter worth $151,000. Arrowstreet Capital Limited Partnership acquired a new stake in Silicom in the fourth quarter valued at $266,000. Northern Trust Corp bought a new position in Silicom during the 4th quarter worth $1,050,000. Finally, Worth Venture Partners LLC grew its holdings in Silicom by 15.9% during the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock worth $1,371,000 after acquiring an additional 12,662 shares during the period. Institutional investors own 52.85% of the company’s stock.

About Silicom

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.