Peraso Inc. (NASDAQ:PRSO) Sees Large Decrease in Short Interest

Peraso Inc. (NASDAQ:PRSO) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 43,500 shares, a decline of 41.5% from the March 15th total of 74,300 shares. Based on an average daily trading volume, of 104,900 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the shares of the stock are short sold.

Peraso Stock Performance

Shares of NASDAQ PRSO traded down $0.03 during mid-day trading on Thursday, hitting $0.64. 10,937 shares of the stock were exchanged, compared to its average volume of 138,145. Peraso has a twelve month low of $0.52 and a twelve month high of $2.34. The stock’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $1.04. The company has a market cap of $3.12 million, a P/E ratio of -0.04 and a beta of 1.32.

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.