RADCOM Ltd. (NASDAQ:RDCM) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 19,700 shares, a decline of 10.9% from the September 30th total of 22,100 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 1.1 days.
RDCM has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of RADCOM in a research report on Thursday, November 7th. ValuEngine downgraded RADCOM from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research downgraded RADCOM from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC lifted its position in RADCOM by 27.5% during the second quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after purchasing an additional 6,910 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of RADCOM by 3.5% in the second quarter. ARK Investment Management LLC now owns 59,552 shares of the technology company’s stock valued at $490,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC lifted its position in shares of RADCOM by 7.6% in the second quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock valued at $2,395,000 after acquiring an additional 20,454 shares in the last quarter. Institutional investors own 22.42% of the company’s stock.
NASDAQ RDCM traded down $0.05 on Monday, hitting $9.95. 5,200 shares of the company traded hands, compared to its average volume of 18,616. The company has a market capitalization of $136.56 million, a price-to-earnings ratio of -55.28 and a beta of 0.26. The company has a current ratio of 6.42, a quick ratio of 6.33 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $9.72 and its 200-day moving average price is $8.78. RADCOM has a 52-week low of $6.96 and a 52-week high of $10.37.
RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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