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

Peraso Inc. (NASDAQ:PRSOGet Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 226,100 shares, a drop of 49.2% from the December 31st total of 445,300 shares. Based on an average daily volume of 304,200 shares, the short-interest ratio is currently 0.7 days. Currently, 6.7% of the shares of the company are short sold.

Peraso Price Performance

Shares of PRSO stock traded down $0.01 during mid-day trading on Thursday, hitting $0.87. The stock had a trading volume of 57,901 shares, compared to its average volume of 279,310. Peraso has a fifty-two week low of $0.73 and a fifty-two week high of $5.70. The company’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $1.28. The firm has a market cap of $3.04 million, a PE ratio of -0.05 and a beta of 1.51.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on PRSO

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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