Silvaco Group, Inc. (NASDAQ:SVCO) is seeing a large increase in short interest

Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 543,400 shares, an increase of 37.7% from its August 31st total of 394,600 shares. About 10.2% of the company’s shares are short sold. Based on an average daily volume of 331,700 shares, the short interest rate is currently 1.6 days.

Hedge funds influence the Silvaco Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Davidson Kempner Capital Management LP acquired a new position in Silvaco Group in the second quarter worth $3,182,000. First Eagle Investment Management LLC acquired a new position in shares of Silvaco Group in the second quarter valued at $3,469,000. Ovata Capital Management Ltd acquired a new position in shares of Silvaco Group in the second quarter valued at about $1,618,000. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group in the second quarter valued at approximately $3,485,000. Finally, Federated Hermes Inc. purchased a new position in shares of Silvaco Group in the second quarter valued at about $216,000.

Analyst upgrades and downgrades

SVCO has been the subject of several recent analyst reports. Jefferies Financial Group started coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Tuesday, September 17th. Craig Hallum initiated coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price target on the stock. TD Cowen began coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Silvaco Group in a report on Friday, June 21st. Six analysts have rated the stock with a buy rating. The company currently has an average rating of “Buy” and a consensus price target of $25.50, based on data from MarketBeat.com.

Read the latest stock analysis on Silvaco Group

Silvaco Group shares fell 2.5%

Silvaco Group stock traded down $0.38 during mid-day trading on Friday, reaching $15.09. 346,058 shares of the company exchanged hands, compared to its average volume of 314,901. Silvaco Group has a 12-month low of $13.99 and a 12-month high of $21.59. The company’s fifty-day moving average is $15.96.

Silvaco Group (NASDAQ:SVCO – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The company had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. equities analysts expect that Silvaco Group will post -0.63 earnings per share for the current year.

About Silvaco Group

(Get a free report)

Silvaco Group Inc is a provider of TCAD software, EDA and SIP solutions that enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development in the display, power device, automotive, memory, high-performance computing, photonics, Internet of Things and 5G/6G mobile markets for complex SoC design.

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