Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Increases By 28.5%

RADCOM Ltd. (NASDAQ:RDCM) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 97,900 shares, a growth of 28.5% from the May 15th total of 76,200 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded RADCOM from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. Needham & Company LLC raised their price objective on shares of RADCOM from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RDCM. Acadian Asset Management LLC increased its holdings in RADCOM by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock valued at $3,265,000 after buying an additional 25,463 shares during the period. Trexquant Investment LP bought a new stake in RADCOM in the first quarter valued at about $352,000. Worth Venture Partners LLC raised its position in RADCOM by 25.6% in the first quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company’s stock worth $2,050,000 after purchasing an additional 36,503 shares in the last quarter. Walleye Capital LLC lifted its stake in RADCOM by 31.6% during the first quarter. Walleye Capital LLC now owns 72,561 shares of the technology company’s stock worth $829,000 after purchasing an additional 17,431 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in RADCOM during the first quarter valued at approximately $1,575,000. 48.32% of the stock is owned by institutional investors.

RADCOM Stock Performance

Shares of RDCM opened at $12.33 on Tuesday. RADCOM has a 52 week low of $9.08 and a 52 week high of $15.98. The firm has a market capitalization of $193.11 million, a P/E ratio of 28.02 and a beta of 0.75. The company has a 50-day simple moving average of $12.21 and a 200-day simple moving average of $12.37.

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.