GSI Technology, Inc. (NASDAQ:GSIT) Short Interest Down 20.6% in February

GSI Technology, Inc. (NASDAQ:GSIT) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 825,400 shares, a decrease of 20.6% from the February 13th total of 1,040,000 shares. Approximately 4.3% of the company’s stock are sold short. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of GSI Technology

Hedge funds have recently bought and sold shares of the business. Ethos Financial Group LLC bought a new position in GSI Technology in the 4th quarter valued at $31,000. Two Sigma Advisers LP bought a new stake in shares of GSI Technology during the 4th quarter worth $33,000. Barclays PLC purchased a new position in shares of GSI Technology in the 4th quarter worth about $39,000. WealthPlan Investment Management LLC bought a new position in GSI Technology during the fourth quarter valued at about $114,000. Finally, Northern Trust Corp increased its holdings in GSI Technology by 30.7% during the fourth quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company’s stock worth $123,000 after buying an additional 9,557 shares during the last quarter. 33.15% of the stock is currently owned by institutional investors.

GSI Technology Price Performance

GSIT opened at $2.60 on Monday. GSI Technology has a fifty-two week low of $2.01 and a fifty-two week high of $6.02. The firm has a market capitalization of $66.57 million, a P/E ratio of -5.20 and a beta of 0.91. The company’s 50-day moving average is $3.05 and its 200 day moving average is $3.07.

GSI Technology (NASDAQ:GSIT) last posted its earnings results on Thursday, January 30th. The semiconductor company reported ($0.16) EPS for the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%.

GSI Technology Company Profile

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.