Short Interest in RADCOM Ltd. (NASDAQ:RDCM) Expands By 29.8%

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 14,800 shares, a growth of 29.8% from the May 31st total of 11,400 shares. Based on an average daily volume of 27,900 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of RADCOM

A number of hedge funds have recently bought and sold shares of RDCM. Quadrature Capital Ltd acquired a new stake in RADCOM in the 1st quarter valued at about $159,000. Acadian Asset Management LLC increased its holdings in shares of RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock worth $555,000 after buying an additional 18,681 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 13.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 129,250 shares of the technology company’s stock worth $1,042,000 after buying an additional 15,069 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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 worth $1,301,000 after buying an additional 4,935 shares during the last quarter. Finally, P.A.W. Capital Corp increased its holdings in shares of RADCOM by 56.3% during the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock worth $2,015,000 after buying an additional 90,000 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

RADCOM Trading Down 0.6 %

RDCM stock traded down $0.06 during mid-day trading on Monday, reaching $9.29. The company’s stock had a trading volume of 58,554 shares, compared to its average volume of 37,060. The stock has a market cap of $143.72 million, a PE ratio of 37.16 and a beta of 0.83. RADCOM has a fifty-two week low of $7.52 and a fifty-two week high of $12.10. The company’s 50 day moving average is $9.30 and its two-hundred day moving average is $9.46.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $14.12 million during the quarter, compared to analyst estimates of $13.50 million. RADCOM had a net margin of 7.18% and a return on equity of 5.36%. On average, analysts forecast that RADCOM will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of RADCOM in a research note on Thursday, May 16th. StockNews.com raised shares of RADCOM from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 23rd.

RADCOM Company Profile

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.