Peraso Inc. (NASDAQ:PRSO) Short Interest Update

Peraso Inc. (NASDAQ:PRSO) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 45,600 shares, a decrease of 74.6% from the February 13th total of 179,300 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 215,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Benchmark reduced their price target on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating for the company in a research report on Wednesday, November 13th.

Peraso Stock Performance

Peraso stock traded down $0.01 during midday trading on Thursday, hitting $0.76. 1,894 shares of the company’s stock were exchanged, compared to its average volume of 387,328. The firm’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.16. Peraso has a 12-month low of $0.73 and a 12-month high of $2.34. The stock has a market cap of $2.66 million, a price-to-earnings ratio of -0.05 and a beta of 1.62.

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.