RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 18,000 shares, an increase of 718.2% from the December 15th total of 2,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 59,600 shares, the short-interest ratio is currently 0.3 days.

RADCOM Price Performance

Shares of NASDAQ:RDCM traded down $0.06 on Tuesday, hitting $12.77. The company’s stock had a trading volume of 171,240 shares, compared to its average volume of 85,530. The company has a market capitalization of $200.00 million, a PE ratio of 27.17 and a beta of 0.89. The company has a 50-day simple moving average of $11.79 and a 200 day simple moving average of $10.58. RADCOM has a 1 year low of $7.72 and a 1 year high of $13.98.

Institutional Investors Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC raised its stake in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,808 shares of the technology company’s stock after buying an additional 5,628 shares during the period. Acadian Asset Management LLC owned about 0.62% of RADCOM worth $881,000 at the end of the most recent quarter. 48.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of RADCOM from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.