Peraso Inc. (NASDAQ:PRSO – Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 161,300 shares, a drop of 28.7% from the January 15th total of 226,100 shares. Based on an average daily volume of 249,700 shares, the short-interest ratio is currently 0.6 days. Approximately 4.8% of the company’s stock are sold short.
Peraso Trading Down 1.9 %
Peraso stock traded down $0.02 during mid-day trading on Friday, hitting $0.89. The stock had a trading volume of 91,462 shares, compared to its average volume of 119,928. The firm’s 50 day moving average is $0.99 and its 200 day moving average is $1.22. Peraso has a one year low of $0.73 and a one year high of $2.34.
Analyst Upgrades and Downgrades
Separately, Benchmark decreased their price objective on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating for the company in a report on Wednesday, November 13th.
Peraso Company Profile
Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.
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