Peraso Inc. (NASDAQ:PRSO) Sees Significant Growth in Short Interest

Peraso Inc. (NASDAQ:PRSOGet Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 445,300 shares, a growth of 207.3% from the December 31st total of 144,900 shares. Based on an average daily trading volume, of 293,600 shares, the short-interest ratio is presently 1.5 days. Approximately 13.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Benchmark lowered their price target on Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a report on Wednesday, November 13th.

View Our Latest Stock Analysis on PRSO

Peraso Stock Up 3.4 %

Shares of NASDAQ PRSO traded up $0.03 during mid-day trading on Wednesday, hitting $0.86. 82,862 shares of the company were exchanged, compared to its average volume of 291,223. The firm has a market cap of $3.03 million, a price-to-earnings ratio of -0.05 and a beta of 1.51. The stock has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $1.29. Peraso has a 1-year low of $0.73 and a 1-year high of $5.83.

About Peraso

(Get Free Report)

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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