Peraso Inc. (NASDAQ:PRSO) Short Interest Up 467.0% in February

Peraso Inc. (NASDAQ:PRSOGet Free Report) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 108,300 shares, an increase of 467.0% from the January 31st total of 19,100 shares. Based on an average daily trading volume, of 235,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 18.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Peraso by 43.0% during the first quarter. Vanguard Group Inc. now owns 394,910 shares of the company’s stock valued at $877,000 after buying an additional 118,700 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Peraso by 60.9% in the 1st quarter. Renaissance Technologies LLC now owns 296,200 shares of the company’s stock valued at $658,000 after acquiring an additional 112,065 shares during the last quarter. Finally, Armistice Capital LLC acquired a new stake in shares of Peraso during the 4th quarter valued at approximately $810,000. 13.53% of the stock is currently owned by institutional investors.

Peraso Stock Performance

Shares of PRSO stock traded down $0.02 during mid-day trading on Wednesday, reaching $1.53. 106,548 shares of the company were exchanged, compared to its average volume of 379,163. The business’s 50 day simple moving average is $5.24 and its 200 day simple moving average is $7.56. The company has a market capitalization of $2.20 million, a P/E ratio of -0.04 and a beta of 2.02. Peraso has a fifty-two week low of $1.36 and a fifty-two week high of $52.80.

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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