Short Interest in GSI Technology, Inc. (NASDAQ:GSIT) Grows By 26.6%

Key Points

• GSI Technology, Inc. (NASDAQ:GSIT) experienced a significant increase in short interest of 26.6% during August, with total short interest reaching 236,300 shares.
• Insider activity showed VP Avidan Akerib sold 10,000 shares at $3.89, reducing his position by 30.02% while company insiders own 25.40% of the stock.
• Institutional investors currently own 33.15% of GSI Technology's shares, with notable increases in holdings from firms like Two Sigma Advisers and Northern Trust Corp.

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 236,300 shares, a growth of 26.6% from the August 15th total of 186,600 shares. Currently, 1.1% of the company's stock are sold short. Based on an average trading volume of 285,300 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 285,300 shares, the short-interest ratio is presently 0.8 days. Currently, 1.1% of the company's stock are sold short.

Insider Buying and Selling at GSI Technology

In related news, VP Avidan Akerib sold 10,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $3.89, for a total value of $38,900.00. Following the completion of the sale, the vice president directly owned 23,307 shares in the company, valued at $90,664.23. The trade was a 30.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 25.40% of the stock is owned by company insiders.

Institutional Trading of GSI Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in GSIT. Marshall Wace LLP bought a new stake in GSI Technology in the 2nd quarter worth approximately $642,000. Silverberg Bernstein Capital Management LLC grew its position in shares of GSI Technology by 31.1% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company's stock worth $2,313,000 after buying an additional 163,511 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of GSI Technology during the second quarter valued at approximately $535,000. Jane Street Group LLC purchased a new stake in GSI Technology in the second quarter worth $342,000. Finally, XTX Topco Ltd purchased a new stake in GSI Technology in the second quarter worth $246,000. 33.15% of the stock is currently owned by institutional investors.

GSI Technology Stock Performance

Shares of GSIT traded down $0.02 during mid-day trading on Friday, reaching $3.66. 254,917 shares of the company were exchanged, compared to its average volume of 150,899. GSI Technology has a 52 week low of $1.62 and a 52 week high of $5.89. The stock has a market capitalization of $106.47 million, a PE ratio of -6.78 and a beta of 1.21. The business has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.25.

GSI Technology (NASDAQ:GSIT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported ($0.08) EPS for the quarter. The firm had revenue of $6.28 million for the quarter. GSI Technology had a negative net margin of 62.96% and a negative return on equity of 43.27%. GSI Technology has set its Q2 2026 guidance at EPS.

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.