RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a significant increase in short interest in November. As of November 29th, there was short interest totalling 21,600 shares, an increase of 23.4% from the November 14th total of 17,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 12,400 shares, the short-interest ratio is presently 1.7 days.

RDCM traded down $0.39 during midday trading on Friday, reaching $9.43. The company had a trading volume of 7,891 shares, compared to its average volume of 7,778. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.33 and a current ratio of 6.42. The stock has a market cap of $135.46 million, a PE ratio of -52.39 and a beta of 0.18. RADCOM has a 12-month low of $6.96 and a 12-month high of $10.37. The business has a 50-day moving average price of $9.89 and a two-hundred day moving average price of $8.96.

A hedge fund recently bought a new stake in RADCOM stock. Phoenix Holdings Ltd. bought a new position in shares of RADCOM Ltd. (NASDAQ:RDCM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 311,664 shares of the technology company’s stock, valued at approximately $2,744,000. Phoenix Holdings Ltd. owned 2.27% of RADCOM at the end of the most recent quarter. 23.80% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on RDCM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of RADCOM in a research note on Thursday, November 7th. ValuEngine downgraded shares of RADCOM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research downgraded shares of RADCOM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.

About RADCOM

RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.

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