Peraso Inc. (NASDAQ:PRSO – Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 226,100 shares, a drop of 49.2% from the December 31st total of 445,300 shares. Based on an average daily volume of 304,200 shares, the short-interest ratio is presently 0.7 days. Currently, 6.7% of the company’s stock are short sold.
Peraso Price Performance
Shares of Peraso stock traded down $0.01 during trading on Thursday, hitting $0.87. 57,901 shares of the stock were exchanged, compared to its average volume of 279,310. The stock has a market cap of $3.04 million, a price-to-earnings ratio of -0.05 and a beta of 1.51. The firm’s 50-day moving average price is $1.00 and its 200 day moving average price is $1.28. Peraso has a 12-month low of $0.73 and a 12-month high of $5.70.
Wall Street Analysts Forecast Growth
Separately, Benchmark lowered their price objective on Peraso from $4.00 to $3.00 and set a “speculative buy” rating for the company 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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