Netlist, Inc. (OTCMKTS:NLST) Short Interest Update

Netlist, Inc. (OTCMKTS:NLST) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 7,183,400 shares, a decline of 22.0% from the October 15th total of 9,207,600 shares. Based on an average daily volume of 3,615,900 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NLST shares. StockNews.com downgraded shares of Netlist from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. Roth Mkm dropped their target price on Netlist from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th.

Netlist Stock Performance

NLST stock traded down $0.08 during midday trading on Friday, reaching $0.96. The stock had a trading volume of 1,644,462 shares, compared to its average volume of 936,621. The firm has a fifty day simple moving average of $1.10 and a two-hundred day simple moving average of $1.29. The stock has a market cap of $261.00 million, a PE ratio of -4.36 and a beta of 1.03. Netlist has a 52-week low of $0.83 and a 52-week high of $2.97.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $40.19 million during the quarter, compared to analysts’ expectations of $38.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. On average, sell-side analysts predict that Netlist will post -0.17 EPS for the current fiscal year.

Netlist Company Profile

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.