Short Interest in Peraso Inc. (NASDAQ:PRSO) Increases By 102.5%

Peraso Inc. (NASDAQ:PRSOGet Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 377,900 shares, a growth of 102.5% from the October 15th total of 186,600 shares. Based on an average trading volume of 138,300 shares, the days-to-cover ratio is presently 2.7 days. Approximately 15.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Benchmark lowered their price target on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a report on Wednesday.

View Our Latest Research Report on PRSO

Peraso Stock Performance

Shares of NASDAQ PRSO traded down $0.21 during midday trading on Wednesday, reaching $0.85. 267,512 shares of the stock were exchanged, compared to its average volume of 450,921. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 0.74. The firm has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.44. Peraso has a twelve month low of $0.85 and a twelve month high of $11.20.

Peraso (NASDAQ:PRSOGet Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.37) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.64). The business had revenue of $4.24 million during the quarter, compared to analyst estimates of $4.20 million. Peraso had a negative net margin of 142.26% and a negative return on equity of 320.39%. As a group, sell-side analysts predict that Peraso will post -3.28 earnings per share for the current year.

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.

Featured Articles

Receive News & Ratings for Peraso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peraso and related companies with MarketBeat.com's FREE daily email newsletter.