Peraso Inc. (NASDAQ:PRSO) Short Interest Update

Peraso Inc. (NASDAQ:PRSO) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 151,203 shares, a decline of 20.9% from the January 15th total of 191,077 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 676,213 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 676,213 shares, the short-interest ratio is presently 0.2 days. Currently, 1.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PRSO. Williams Trading set a $3.00 price target on shares of Peraso in a research report on Friday, December 5th. Wall Street Zen raised Peraso from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Benchmark reissued a “buy” rating and set a $3.00 target price on shares of Peraso in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Peraso in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $3.00.

Peraso Stock Performance

Shares of Peraso stock traded up $0.01 during midday trading on Friday, hitting $0.89. 345,407 shares of the company traded hands, compared to its average volume of 478,193. The firm’s fifty day moving average price is $0.96 and its 200-day moving average price is $1.07. The stock has a market cap of $7.99 million, a price-to-earnings ratio of -0.94 and a beta of 1.17. Peraso has a 12 month low of $0.52 and a 12 month high of $2.37.

Institutional Trading of Peraso

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC increased its holdings in shares of Peraso Inc. (NASDAQ:PRSO) by 71.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,697 shares of the company’s stock after buying an additional 29,095 shares during the period. Geode Capital Management LLC owned about 0.78% of Peraso worth $61,000 at the end of the most recent quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

About Peraso

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.