Peraso Inc. (NASDAQ:PRSO) Short Interest Update

Peraso Inc. (NASDAQ:PRSO) saw a large decline in short interest in 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. Approximately 4.8% of the company’s stock are sold short. Based on an average trading volume of 249,700 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Benchmark reduced their price objective 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 Price Performance

Shares of NASDAQ:PRSO traded down $0.03 during trading on Friday, hitting $0.88. 39,598 shares of the company were exchanged, compared to its average volume of 201,933. The stock has a market capitalization of $3.10 million, a P/E ratio of -0.05 and a beta of 1.50. Peraso has a 12-month low of $0.73 and a 12-month high of $2.34. The firm’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.23.

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.