Short Interest in Netlist, Inc. (OTCMKTS:NLST) Declines By 41.8%

Netlist, Inc. (OTCMKTS:NLST) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 16,818,723 shares, a decline of 41.8% from the August 15th total of 28,906,259 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average daily volume of 7,269,307 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC purchased a new position in Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NLST has been the topic of several recent research reports. Zacks Research lowered Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reiterated a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Netlist has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Performance

Netlist stock traded up $0.01 during mid-day trading on Wednesday, hitting $4.64. The company’s stock had a trading volume of 1,081,220 shares, compared to its average volume of 2,023,129. The company has a 50 day moving average of $4.15 and a 200-day moving average of $2.92. Netlist has a one year low of $0.45 and a one year high of $7.00.

About Netlist

Netlist, Inc is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.

Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.