Short Interest in Silicom Ltd. (NASDAQ:SILC) Declines By 18.1%

by · The Markets Daily

Silicom Ltd. (NASDAQ:SILC – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 17,600 shares, a decrease of 18.1% from the December 15th total of 21,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 32,100 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC started coverage on Silicom in a research note on Monday, November 4th. They issued a “hold” rating for the company.

View Our Latest Research Report on SILC

Silicom Stock Performance

NASDAQ:SILC opened at $17.18 on Friday. Silicom has a one year low of $11.35 and a one year high of $18.24. The business has a fifty day moving average price of $15.17 and a 200-day moving average price of $14.22.

Institutional Investors Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP boosted its holdings in Silicom Ltd. (NASDAQ:SILC – Free Report) by 89.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,482 shares of the technology company’s stock after buying an additional 12,990 shares during the period. GSA Capital Partners LLP owned 0.41% of Silicom worth $377,000 as of its most recent SEC filing. 52.85% of the stock is owned by institutional investors.

About Silicom

(Get Free Report)

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.

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