Peraso Inc. (NASDAQ:PRSO – Get Free Report) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 249,400 shares, a drop of 34.0% from the October 31st total of 377,900 shares. Based on an average daily volume of 159,200 shares, the short-interest ratio is presently 1.6 days. Approximately 7.2% of the company’s stock are short sold.
Peraso Price Performance
PRSO stock opened at $0.88 on Friday. The firm has a market cap of $3.09 million, a price-to-earnings ratio of -0.05 and a beta of 1.73. Peraso has a 1-year low of $0.73 and a 1-year high of $11.20. The firm has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $1.39.
Wall Street Analysts Forecast Growth
Separately, Benchmark cut their price objective on Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a research note on Wednesday, November 13th.
About Peraso
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.
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