Short Interest in Peraso Inc. (NASDAQ:PRSO) Decreases By 20.9%

Peraso Inc. (NASDAQ:PRSO) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 151,203 shares, a decrease of 20.9% from the January 15th total of 191,077 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 676,213 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 676,213 shares, the short-interest ratio is currently 0.2 days. Approximately 1.7% of the company’s shares are sold short.

Peraso Trading Up 1.2%

NASDAQ PRSO traded up $0.01 on Friday, hitting $0.89. 345,407 shares of the company were exchanged, compared to its average volume of 478,193. The company has a market cap of $7.99 million, a PE ratio of -0.94 and a beta of 1.17. The stock has a fifty day moving average of $0.96 and a 200-day moving average of $1.07. Peraso has a 12 month low of $0.52 and a 12 month high of $2.37.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Peraso from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Benchmark reiterated a “buy” rating and set a $3.00 price objective on shares of Peraso in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Peraso in a research note on Monday, December 29th. Finally, Williams Trading set a $3.00 price target on shares of Peraso in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $3.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Peraso stock. Geode Capital Management LLC boosted its position in Peraso Inc. (NASDAQ:PRSO) by 71.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,697 shares of the company’s stock after acquiring an additional 29,095 shares during the period. Geode Capital Management LLC owned 0.78% of Peraso worth $61,000 as of its most recent SEC filing. 77.60% of the stock is owned by institutional investors.

About Peraso

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.