Peraso Inc. (NASDAQ:PRSO) Short Interest Update

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

Peraso Trading Down 9.2 %

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

Analyst Ratings Changes

Separately, Benchmark cut their target price on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a research note 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.