Everspin Tech (NASDAQ:MRAM) Short Interest Up 27.8% in February

Everspin Tech (NASDAQ:MRAM) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 821,680 shares, an increase of 27.8% from the February 12th total of 642,812 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 363,297 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 363,297 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.8% of the shares of the company are sold short.

Everspin Tech Trading Down 1.2%

Everspin Tech stock traded down $0.11 during midday trading on Friday, hitting $8.82. The stock had a trading volume of 346,084 shares, compared to its average volume of 489,853. Everspin Tech has a 52-week low of $4.34 and a 52-week high of $17.24. The firm’s fifty day moving average is $11.53 and its two-hundred day moving average is $9.86.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $14.80 million during the quarter, compared to analyst estimates of $14.45 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC decreased their target price on Everspin Tech from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.00.

Insider Transactions at Everspin Tech

In related news, CFO William Earl Cooper sold 6,807 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $12.06, for a total transaction of $82,092.42. Following the completion of the sale, the chief financial officer directly owned 93,193 shares in the company, valued at approximately $1,123,907.58. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Institutional investors have recently bought and sold shares of the business. Herald Investment Management Ltd raised its holdings in Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after acquiring an additional 125,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Everspin Tech by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 261,367 shares of the business services provider’s stock worth $2,425,000 after purchasing an additional 11,600 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Everspin Tech during the 4th quarter valued at approximately $2,204,000. Geode Capital Management LLC raised its position in shares of Everspin Tech by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Everspin Tech by 265.0% in the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock worth $1,707,000 after buying an additional 133,560 shares in the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.