Peraso Inc. (NASDAQ:PRSO – Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 161,300 shares, a decline of 28.7% from the January 15th total of 226,100 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily trading volume, of 249,700 shares, the short-interest ratio is presently 0.6 days.
Peraso Stock Down 1.9 %
NASDAQ PRSO traded down $0.02 during trading hours on Friday, hitting $0.89. 91,462 shares of the company’s stock traded hands, compared to its average volume of 119,928. The firm’s 50-day moving average is $0.99 and its 200-day moving average is $1.22. Peraso has a 52-week low of $0.73 and a 52-week high of $2.34.
Wall Street Analyst Weigh In
Separately, Benchmark decreased their target price 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 Company Profile
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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