Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Update

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 886,100 shares, an increase of 29.8% from the October 15th total of 682,900 shares. Based on an average daily volume of 510,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 17.4% of the shares of the company are sold short.

Silvaco Group Stock Performance

Shares of SVCO traded down $0.25 during trading hours on Friday, hitting $7.39. The stock had a trading volume of 409,386 shares, compared to its average volume of 388,774. The company's fifty day moving average price is $10.57. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

Insider Activity at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now directly owns 57,902 shares in the company, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVCO. Lynrock Lake LP acquired a new position in Silvaco Group in the second quarter worth $3,596,000. Jane Street Group LLC bought a new stake in Silvaco Group during the 3rd quarter worth about $2,788,000. Allspring Global Investments Holdings LLC acquired a new stake in Silvaco Group in the 2nd quarter valued at about $3,485,000. First Eagle Investment Management LLC bought a new position in shares of Silvaco Group in the second quarter worth about $3,469,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Silvaco Group in the second quarter worth about $3,182,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SVCO shares. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Rosenblatt Securities decreased their price target on shares of Silvaco Group from $26.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. B. Riley reissued a "buy" rating and issued a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen reduced their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $20.00.

Silvaco Group Company Profile

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.