Radcom Ltd. (NASDAQ:RDCM) Short Interest Up 134.0% in June

Radcom Ltd. (NASDAQ:RDCM – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 352,333 shares, an increase of 134.0% from the June 15th total of 150,538 shares. Based on an average daily volume of 209,544 shares, the short-interest ratio is currently 1.7 days. Approximately 6.8% of the company’s shares are short sold.

Radcom Stock Down 2.1%

Shares of RDCM stock traded down $0.30 on Tuesday, reaching $14.10. 62,315 shares of the stock were exchanged, compared to its average volume of 144,800. The stock has a market cap of $236.02 million, a P/E ratio of 18.79 and a beta of 0.71. The firm has a 50 day moving average of $14.23 and a two-hundred day moving average of $13.06. Radcom has a 1-year low of $10.41 and a 1-year high of $16.74.

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Radcom (NASDAQ:RDCM – Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Radcom had a net margin of 17.18% and a return on equity of 11.68%. The firm had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. On average, equities research analysts predict that Radcom will post 0.84 EPS for the current fiscal year.

Institutional Trading of Radcom

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its holdings in Radcom by 1.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 1,542 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Radcom during the 2nd quarter valued at approximately $34,000. Janney Montgomery Scott LLC boosted its stake in shares of Radcom by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after buying an additional 3,750 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Radcom by 20.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,026 shares of the technology company’s stock worth $314,000 after buying an additional 4,140 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Radcom by 93.8% in the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after buying an additional 4,364 shares during the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.00.

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About Radcom

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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.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.

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