Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Decreases By 37.8%

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 17,600 shares, a drop of 37.8% from the September 30th total of 28,300 shares. Based on an average daily trading volume, of 34,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On RADCOM

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in RADCOM by 109.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock worth $3,017,000 after acquiring an additional 141,079 shares during the last quarter. Acadian Asset Management LLC grew its stake in RADCOM by 34.1% in the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after buying an additional 22,923 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock valued at $1,301,000 after buying an additional 4,935 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of RADCOM during the 1st quarter worth $159,000. Finally, AWM Investment Company Inc. grew its position in RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock worth $9,383,000 after acquiring an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company's stock.

RADCOM Stock Performance

NASDAQ RDCM traded down $0.49 during trading hours on Friday, hitting $10.10. The company had a trading volume of 35,835 shares, compared to its average volume of 34,394. The firm has a 50 day simple moving average of $10.08 and a 200 day simple moving average of $9.65. RADCOM has a 52 week low of $7.52 and a 52 week high of $12.10. The firm has a market capitalization of $158.17 million, a price-to-earnings ratio of 32.58 and a beta of 0.87.

RADCOM (NASDAQ:RDCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $14.80 million during the quarter, compared to analysts' expectations of $14.10 million. RADCOM had a net margin of 8.52% and a return on equity of 6.25%. On average, research analysts forecast that RADCOM will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and set a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.

About RADCOM

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.