Netlist, Inc. (OTCMKTS:NLST) Short Interest Down 41.8% in August

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

Hedge Funds Weigh In On Netlist

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new stake in Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

Analyst Upgrades and Downgrades

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

Netlist Stock Performance

OTCMKTS:NLST opened at $4.78 on Friday. The stock’s 50-day moving average is $4.23 and its 200-day moving average is $2.97. Netlist has a 1-year low of $0.45 and a 1-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.