Peraso Inc. (NASDAQ:PRSO) Short Interest Up 62.9% in March

Peraso Inc. (NASDAQ:PRSO) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 74,300 shares, an increase of 62.9% from the February 28th total of 45,600 shares. Based on an average daily trading volume, of 204,200 shares, the short-interest ratio is currently 0.4 days. Approximately 2.2% of the shares of the stock are short sold.

Peraso Price Performance

Shares of NASDAQ PRSO traded down $0.05 during mid-day trading on Friday, hitting $0.75. 26,193 shares of the company’s stock traded hands, compared to its average volume of 386,419. Peraso has a 1 year low of $0.68 and a 1 year high of $2.34. The company’s 50-day moving average is $0.85 and its two-hundred day moving average is $1.11. The company has a market capitalization of $2.64 million, a P/E ratio of -0.05 and a beta of 1.62.

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.