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

Netlist, Inc. (OTCMKTS:NLST) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 7,183,400 shares, a decline of 22.0% from the October 15th total of 9,207,600 shares. Based on an average daily volume of 3,615,900 shares, the short-interest ratio is presently 2.0 days.

Netlist Price Performance

Shares of NLST stock traded down $0.08 during trading hours on Friday, hitting $0.96. The stock had a trading volume of 1,644,462 shares, compared to its average volume of 936,621. The stock’s 50-day moving average price is $1.10 and its two-hundred day moving average price is $1.29. Netlist has a one year low of $0.83 and a one year high of $2.97. The stock has a market capitalization of $261.00 million, a price-to-earnings ratio of -4.36 and a beta of 1.03.

Netlist (OTCMKTS:NLST) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. The business had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. As a group, equities research analysts predict that Netlist will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

NLST has been the subject of a number of research analyst reports. Roth Mkm reduced their target price on Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of Netlist from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd.

Netlist Company Profile

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.