RADCOM Ltd. (NASDAQ:RDCM) Short Interest Down 62.5% in October

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 6,600 shares, a decrease of 62.5% from the October 15th total of 17,600 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

RADCOM Stock Performance

NASDAQ RDCM traded up $1.31 on Wednesday, reaching $12.05. The stock had a trading volume of 535,229 shares, compared to its average volume of 36,749. The stock has a market cap of $188.70 million, a P/E ratio of 38.87 and a beta of 0.86. The business’s 50-day moving average price is $10.24 and its 200 day moving average price is $9.77. RADCOM has a 12-month low of $7.63 and a 12-month high of $12.44.

Institutional Trading of RADCOM

Hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of RADCOM during the first quarter worth $159,000. Acadian Asset Management LLC lifted its stake in shares of RADCOM by 6.2% in the 2nd quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock worth $881,000 after acquiring an additional 5,628 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after acquiring an additional 4,935 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after acquiring an additional 70,544 shares during the period. Finally, AWM Investment Company Inc. raised its holdings in RADCOM by 5.7% during the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after purchasing an additional 45,000 shares in the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.

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.