Peraso Inc. (NASDAQ:PRSO) Sees Significant Growth in Short Interest

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

Peraso Price Performance

Peraso stock traded up $0.03 during mid-day trading on Wednesday, reaching $0.86. The company had a trading volume of 82,862 shares, compared to its average volume of 291,223. The stock’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $1.29. Peraso has a 1 year low of $0.73 and a 1 year high of $5.83. The company has a market capitalization of $3.03 million, a P/E ratio of -0.05 and a beta of 1.51.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their target price on Peraso from $4.00 to $3.00 and set a “speculative buy” rating for the company in a report 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.