GSI Technology, Inc. (NASDAQ:GSIT) Short Interest Update

GSI Technology, Inc. (NASDAQ:GSIT) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 825,400 shares, a drop of 20.6% from the February 13th total of 1,040,000 shares. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.3% of the shares of the stock are short sold.

GSI Technology Stock Up 4.3 %

NASDAQ GSIT traded up $0.11 on Wednesday, reaching $2.67. 52,245 shares of the stock traded hands, compared to its average volume of 593,308. The firm’s fifty day simple moving average is $3.01 and its 200 day simple moving average is $3.06. The company has a market cap of $68.36 million, a price-to-earnings ratio of -5.34 and a beta of 0.91. GSI Technology has a 12 month low of $2.01 and a 12 month high of $6.02.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 50.33%.

Institutional Investors Weigh In On GSI Technology

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of GSI Technology by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 3,607 shares during the period. Northern Trust Corp boosted its position in shares of GSI Technology by 30.7% in the 4th quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 9,557 shares during the period. Silverberg Bernstein Capital Management LLC boosted its position in shares of GSI Technology by 2.1% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 481,817 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 9,831 shares during the period. Ethos Financial Group LLC acquired a new position in shares of GSI Technology in the 4th quarter valued at $31,000. Finally, Two Sigma Advisers LP acquired a new position in shares of GSI Technology in the 4th quarter valued at $33,000. 33.15% of the stock is owned by hedge funds and other institutional investors.

GSI Technology Company Profile

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.