Is Audiocodes LTD. – Ordinary Shares (NASDAQ:AUDC)’s Fuel Running Low? Reports Show More Sellers

October 2, 2018 - By Louis Casey

AudioCodes Ltd. (NASDAQ:AUDC) Logo

Investors sentiment decreased to 1.3 in Q2 2018. Its down 0.08, from 1.38 in 2018Q1. It dropped, as 5 investors sold AudioCodes Ltd. shares while 5 reduced holdings. 5 funds opened positions while 8 raised stakes. 6.81 million shares or 0.13% more from 6.80 million shares in 2018Q1 were reported.
Financial Bank Of America Corporation De accumulated 0% or 119 shares. Taylor Frigon Mgmt Limited Company reported 11,572 shares or 0.07% of all its holdings. Vanguard stated it has 453,564 shares. Liberty Mutual Grp Asset Management Incorporated has 13,700 shares for 0% of their portfolio. Moreover, Eagle Glob Advsr Limited has 0.02% invested in AudioCodes Ltd. (NASDAQ:AUDC) for 86,000 shares. 8 are owned by Bnp Paribas Arbitrage Sa. Geode Mngmt Limited Liability Corporation stated it has 57,070 shares. Philadelphia Trust has 71,000 shares for 0.05% of their portfolio. Tower Capital Ltd Liability Corp (Trc) has 0% invested in AudioCodes Ltd. (NASDAQ:AUDC) for 407 shares. Clarivest Asset Ltd Limited Liability Company owns 73,276 shares. Royal National Bank & Trust Of Canada accumulated 3,500 shares or 0% of the stock. Morgan Stanley, a New York-based fund reported 1.87 million shares. Menta Lc stated it has 61,867 shares or 0.11% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt System reported 0% stake. 59,226 are owned by Sphera Funds Mngmt.

The stock of Audiocodes LTD. – Ordinary Shares (NASDAQ:AUDC) registered an increase of 38.58% in short interest. AUDC’s total short interest was 64,300 shares in October as published by FINRA. Its up 38.58% from 46,400 shares, reported previously. With 222,500 shares average volume, it will take short sellers 0 days to cover their AUDC’s short positions. The short interest to Audiocodes LTD. – Ordinary Shares’s float is 0.3%.

The stock decreased 1.71% or $0.17 during the last trading session, reaching $9.78. About 83,004 shares traded. AudioCodes Ltd. (NASDAQ:AUDC) has risen 50.72% since October 2, 2017 and is uptrending. It has outperformed by 35.10% the S&P500.

AudioCodes Ltd. designs, develops, and sells Voice over IP , converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service well-known provider business services, mobile VoIPs, and cloud virtualized data centers worldwide. The company has market cap of $281.83 million. It deploys its products through broadband, mobile, cable, and enterprise networks. It has a 45.07 P/E ratio. The companyÂ’s products include chips, boards, subsystems, media and residential gateways, media servers, session border controllers, multi-service business routers, mobile communications solutions, life cycle management solutions, and messaging platforms, as well as IP phones, and survivable branch and value added applications.

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