Corsair Gaming, Inc. (NASDAQ:CRSR) Short Interest Update

Corsair Gaming, Inc. (NASDAQ:CRSR) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,260,000 shares, a decline of 6.6% from the October 15th total of 3,490,000 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average trading volume of 506,800 shares, the days-to-cover ratio is presently 6.4 days.

Corsair Gaming Trading Down 1.6 %

Shares of CRSR opened at $6.59 on Tuesday. The business’s fifty day moving average is $6.66 and its 200-day moving average is $8.41. Corsair Gaming has a 52-week low of $5.59 and a 52-week high of $15.07. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRSR. Vanguard Group Inc. grew its holdings in Corsair Gaming by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,485,063 shares of the company’s stock valued at $67,686,000 after buying an additional 64,373 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Corsair Gaming by 85.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock valued at $28,104,000 after purchasing an additional 1,857,532 shares during the period. State Street Corp increased its position in shares of Corsair Gaming by 0.8% in the third quarter. State Street Corp now owns 1,631,501 shares of the company’s stock valued at $11,355,000 after acquiring an additional 12,373 shares during the period. Bank of New York Mellon Corp grew its position in shares of Corsair Gaming by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,252,737 shares of the company’s stock worth $13,830,000 after buying an additional 41,832 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Corsair Gaming by 12.2% during the second quarter. Renaissance Technologies LLC now owns 418,033 shares of the company’s stock valued at $4,615,000 after purchasing an additional 45,400 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Macquarie decreased their price objective on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Barclays cut their price objective on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their target price on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus reduced their target price on shares of Corsair Gaming from $16.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and an average target price of $9.14.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.