Short Interest in Netlist, Inc. (OTCMKTS:NLST) Declines By 41.8%

Netlist, Inc. (OTCMKTS:NLST) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 16,818,723 shares, a drop of 41.8% from the August 15th total of 28,906,259 shares. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily volume of 7,269,307 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reissued a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Price Performance

Netlist stock traded up $0.01 during mid-day trading on Wednesday, reaching $4.64. 1,081,220 shares of the company’s stock traded hands, compared to its average volume of 2,023,129. Netlist has a 12-month low of $0.45 and a 12-month high of $7.00. The stock has a 50 day moving average of $4.15 and a two-hundred day moving average of $2.92.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new position in shares of Netlist, Inc. (OTCMKTS:NLST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Netlist Company Profile

Netlist, Inc is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.

Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.