Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large growth in short interest in the month of November. As of November 29th, there was short interest totalling 612,400 shares, a growth of 22.8% from the November 14th total of 498,600 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 261,500 shares, the days-to-cover ratio is currently 2.3 days.
Shares of NASDAQ:PXLW traded down $0.01 during trading on Friday, reaching $2.99. 173,696 shares of the company traded hands, compared to its average volume of 241,492. The company’s 50 day moving average is $3.30 and its two-hundred day moving average is $3.29. The firm has a market capitalization of $114.96 million, a PE ratio of -42.71 and a beta of 2.05. The company has a quick ratio of 2.86, a current ratio of 3.14 and a debt-to-equity ratio of 0.07. Pixelworks has a 52 week low of $2.60 and a 52 week high of $5.01.
Pixelworks (NASDAQ:PXLW) last released its earnings results on Thursday, October 31st. The semiconductor company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $18.06 million during the quarter, compared to the consensus estimate of $18.00 million. Pixelworks had a negative return on equity of 15.25% and a negative net margin of 8.77%. As a group, research analysts anticipate that Pixelworks will post -0.25 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Pixelworks during the 2nd quarter valued at $82,000. Russell Investments Group Ltd. lifted its position in shares of Pixelworks by 975.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 43,000 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 39,000 shares during the period. Menta Capital LLC lifted its position in shares of Pixelworks by 61.2% during the 2nd quarter. Menta Capital LLC now owns 56,471 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 21,435 shares during the period. Acadian Asset Management LLC lifted its position in shares of Pixelworks by 808.2% during the 2nd quarter. Acadian Asset Management LLC now owns 59,507 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 52,955 shares during the period. Finally, Algert Global LLC lifted its position in shares of Pixelworks by 75.2% during the 2nd quarter. Algert Global LLC now owns 62,653 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 26,901 shares during the period. Hedge funds and other institutional investors own 25.13% of the company’s stock.
Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.
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