GSI Technology, Inc. (NASDAQ:GSIT) Short Interest Update

Key Points

• Short interest jumped 21.8% in March to 2,157,824 shares, equal to 8.0% of the stock and a short-interest ratio of 1.5 days based on average volume.
• Insiders have been net sellers, disposing of 127,251 shares (~$1.19M) over the past three months — including VP Patrick T. Chuang (20,000) and CEO Lee‑Lean Shu (36,517) — though insiders still own 25.40% of the company.
• Analyst sentiment and fundamentals are weak: Weiss Ratings reissued a "Sell (d-)", the company reported last-quarter EPS of −$0.09 and a negative net margin of 43.15%, with a market cap around $232M.

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,157,824 shares, an increase of 21.8% from the March 15th total of 1,772,190 shares. Currently, 8.0% of the company's stock are sold short. Based on an average daily volume of 1,438,912 shares, the short-interest ratio is currently 1.5 days.

Insider Transactions at GSI Technology

In other news, VP Patrick T. Chuang sold 20,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $8.37, for a total transaction of $167,400.00. Following the transaction, the vice president directly owned 15,166 shares of the company's stock, valued at approximately $126,939.42. This represents a 56.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lee-Lean Shu sold 36,517 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.01, for a total value of $365,535.17. Following the transaction, the chief executive officer directly owned 1,982,417 shares in the company, valued at approximately $19,843,994.17. The trade was a 1.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 127,251 shares of company stock valued at $1,187,290. Corporate insiders own 25.40% of the company's stock.

Institutional Investors Weigh In On GSI Technology

Large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC acquired a new position in GSI Technology during the fourth quarter valued at $31,000. R Squared Ltd acquired a new position in GSI Technology during the third quarter valued at $38,000. Osaic Holdings Inc. lifted its position in GSI Technology by 52.1% during the second quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 4,112 shares during the period. Bank of America Corp DE lifted its position in GSI Technology by 8,247.6% during the second quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 13,526 shares during the period. Finally, Prelude Capital Management LLC acquired a new position in GSI Technology during the third quarter valued at $52,000. 33.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of GSI Technology in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

GSI Technology Price Performance

Shares of GSIT opened at $6.41 on Friday. The firm has a market capitalization of $231.98 million, a PE ratio of -17.32 and a beta of 1.67. GSI Technology has a 1-year low of $2.50 and a 1-year high of $18.15. The company's fifty day moving average price is $6.71 and its 200-day moving average price is $7.00.

GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The semiconductor company reported ($0.09) earnings per share for the quarter. The company had revenue of $6.08 million for the quarter. GSI Technology had a negative net margin of 43.15% and a negative return on equity of 22.69%.

About GSI Technology

GSI Technology, Inc is a fabless semiconductor company specializing in the design and development of high-performance memory products. Headquartered in Sunnyvale, California, the company was founded in 1995 and has focused its efforts on content addressable memory (CAM) and high-speed SRAM (static random-access memory) solutions. As a publicly traded company listed on NASDAQ under the ticker GSIT, GSI Technology leverages advanced architectures to meet demanding data-processing requirements.

The company's core product portfolio includes ternary CAM (TCAM) devices, binary CAM (BCAM) devices and high-speed synchronous SRAM.

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