Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC - Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 36,000 shares, a decrease of 22.1% from the August 15th total of 46,200 shares. Based on an average trading volume of 25,500 shares, the short-interest ratio is currently 1.4 days. Currently, 0.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SILC shares. StockNews.com raised shares of Silicom from a "sell" rating to a "hold" rating in a research note on Saturday, August 31st. Needham & Company LLC downgraded shares of Silicom from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th.

Silicom Trading Down 1.4 %

NASDAQ:SILC traded down $0.19 on Friday, hitting $13.17. The company had a trading volume of 2,313 shares, compared to its average volume of 17,442. The stock has a market capitalization of $89.00 million, a price-to-earnings ratio of -8.39 and a beta of 1.04. The firm has a 50 day moving average of $13.72 and a two-hundred day moving average of $14.98. Silicom has a 52 week low of $11.35 and a 52 week high of $26.99.

Silicom (NASDAQ:SILC - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. The firm had revenue of $14.50 million during the quarter. Silicom had a negative net margin of 19.62% and a negative return on equity of 9.92%.

Hedge Funds Weigh In On Silicom

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in shares of Silicom during the first quarter worth $256,000. Isthmus Partners LLC increased its position in shares of Silicom by 16.9% during the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company's stock worth $1,105,000 after buying an additional 8,806 shares during the period. Acadian Asset Management LLC increased its position in shares of Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company's stock worth $228,000 after buying an additional 5,749 shares during the period. Finally, Kent Lake Capital LLC increased its position in shares of Silicom by 5.0% during the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company's stock worth $4,678,000 after buying an additional 15,000 shares during the period. Institutional investors own 52.85% of the company's stock.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.