Netlist, Inc. (OTCMKTS:NLST) Short Interest Update

Netlist, Inc. (OTCMKTS:NLST) saw a large decline in short interest in 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. Approximately 4.7% of the company’s shares are short sold. Based on an average trading volume of 7,269,307 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NLST. Roth Capital reissued a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new position in Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Netlist Price Performance

Shares of OTCMKTS:NLST traded down $0.09 during trading on Thursday, reaching $4.71. 468,660 shares of the stock were exchanged, compared to its average volume of 2,014,740. Netlist has a 1-year low of $0.45 and a 1-year high of $7.00. The stock has a fifty day moving average of $4.19 and a two-hundred day moving average of $2.94.

Netlist Company Profile

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.