RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 6,600 shares, a decrease of 62.5% from the October 15th total of 17,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 36,000 shares, the days-to-cover ratio is presently 0.2 days.

RADCOM Price Performance

Shares of RDCM stock traded up $1.31 during midday trading on Wednesday, reaching $12.05. 535,229 shares of the company traded hands, compared to its average volume of 36,749. The firm has a market cap of $188.70 million, a PE ratio of 38.87 and a beta of 0.86. The firm’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $9.77. RADCOM has a 1-year low of $7.63 and a 1-year high of $12.44.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of RADCOM in a research note on Thursday, August 8th.

Institutional Trading of RADCOM

A number of institutional investors have recently bought and sold shares of RDCM. Janney Montgomery Scott LLC raised its stake in shares of RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of RADCOM by 6.2% during the 2nd quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock worth $881,000 after purchasing an additional 5,628 shares during the last quarter. AWM Investment Company Inc. grew its holdings in RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after buying an additional 45,000 shares during the last quarter. Quadrature Capital Ltd purchased a new position in RADCOM during the first quarter worth $159,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after acquiring an additional 4,935 shares during the last quarter. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

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.