RADCOM Ltd. (NASDAQ:RDCM) Sees Large Growth in Short Interest

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 77,800 shares, a growth of 28.4% from the March 15th total of 60,600 shares. Based on an average daily volume of 85,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company's shares are short sold.

RADCOM Stock Up 1.9 %

Shares of RDCM traded up $0.21 on Thursday, hitting $10.98. 11,947 shares of the stock traded hands, compared to its average volume of 50,293. The firm has a market capitalization of $171.97 million, a P/E ratio of 24.96 and a beta of 0.77. The stock's 50 day moving average is $11.71 and its two-hundred day moving average is $11.90. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98.

RADCOM (NASDAQ:RDCM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Research analysts forecast that RADCOM will post 0.54 EPS for the current year.

Institutional Investors Weigh In On RADCOM

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of RADCOM by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company's stock worth $3,871,000 after buying an additional 9,147 shares during the period. Legato Capital Management LLC purchased a new stake in RADCOM in the 4th quarter worth about $848,000. Acuitas Investments LLC boosted its position in RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock worth $2,268,000 after acquiring an additional 32,631 shares during the period. Essex Investment Management Co. LLC purchased a new position in RADCOM during the 4th quarter valued at about $2,832,000. Finally, Value Base Ltd. acquired a new position in shares of RADCOM in the 4th quarter valued at about $10,330,000. Institutional investors and hedge funds own 48.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RDCM shares. StockNews.com raised RADCOM from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price objective on shares of RADCOM in a research note on Friday, January 17th.

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.