Peraso Inc. (NASDAQ:PRSO – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 45,600 shares, a decrease of 74.6% from the February 13th total of 179,300 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 215,700 shares, the days-to-cover ratio is presently 0.2 days.
Peraso Price Performance
NASDAQ:PRSO traded down $0.01 on Thursday, reaching $0.76. The stock had a trading volume of 1,894 shares, compared to its average volume of 387,328. The company has a market cap of $2.66 million, a price-to-earnings ratio of -0.05 and a beta of 1.62. Peraso has a 12-month low of $0.73 and a 12-month high of $2.34. The firm’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.16.
Analyst Ratings Changes
Separately, Benchmark lowered their target price on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a research report on Wednesday, November 13th.
About Peraso
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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