GSI Technology, Inc. (NASDAQ:GSIT) Short Interest Update

GSI Technology, Inc. (NASDAQ:GSIT) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 312,000 shares, an increase of 5.5% from the October 15th total of 295,700 shares. Based on an average trading volume of 171,100 shares, the short-interest ratio is currently 1.8 days. Currently, 1.8% of the shares of the stock are sold short.

GSI Technology Trading Up 6.3 %

Shares of GSIT traded up $0.15 on Friday, reaching $2.54. 76,138 shares of the company’s stock were exchanged, compared to its average volume of 1,565,793. The business has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $4.05. GSI Technology has a 12 month low of $1.45 and a 12 month high of $9.80.

GSI Technology (NASDAQ:GSIT) last released its earnings results on Thursday, October 26th. The semiconductor company reported ($0.16) EPS for the quarter. The business had revenue of $5.71 million for the quarter. GSI Technology had a negative return on equity of 35.86% and a negative net margin of 77.58%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on GSI Technology in a research report on Thursday, October 5th. They issued a “sell” rating for the company.

Insider Transactions at GSI Technology

In related news, Director Robert Yau sold 15,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $3.27, for a total value of $49,910.01. Following the completion of the sale, the director now owns 939,939 shares of the company’s stock, valued at $3,073,600.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On GSI Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSIT. Osaic Holdings Inc. bought a new position in GSI Technology during the second quarter worth about $26,000. Invesco Ltd. bought a new position in GSI Technology during the 3rd quarter worth approximately $29,000. JPMorgan Chase & Co. grew its holdings in GSI Technology by 167.5% during the first quarter. JPMorgan Chase & Co. now owns 8,623 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 5,400 shares during the period. Eudaimonia Partners LLC bought a new position in shares of GSI Technology during the third quarter worth $40,000. Finally, Bank of America Corp DE grew its holdings in shares of GSI Technology by 75,282.1% in the 1st quarter. Bank of America Corp DE now owns 29,399 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 29,360 shares during the period. Institutional investors own 31.64% of the company’s stock.

GSI Technology Company Profile

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.