Short Interest in Peraso Inc. (NASDAQ:PRSO) Grows By 207.3%

Peraso Inc. (NASDAQ:PRSO) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 445,300 shares, an increase of 207.3% from the December 15th total of 144,900 shares. Based on an average trading volume of 293,600 shares, the short-interest ratio is currently 1.5 days. Currently, 13.1% of the company’s stock are short sold.

Analyst Ratings Changes

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

Peraso Trading Down 9.2 %

PRSO traded down $0.10 during trading on Tuesday, hitting $0.96. The stock had a trading volume of 262,451 shares, compared to its average volume of 492,819. The firm has a market cap of $3.38 million, a PE ratio of -0.06 and a beta of 1.51. Peraso has a 12 month low of $0.73 and a 12 month high of $6.91. The company has a 50 day simple moving average of $0.99 and a 200-day simple moving average of $1.32.

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.