Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Up 79.8% in September

Key Points

• Pixelworks, Inc. experienced a 79.8% increase in short interest during September, with a total of 160,000 shares shorted by mid-month.
• As of the latest stock data, Pixelworks' stock is down 8.7% and currently trades at $13.00, with a market capitalization of approximately $69.42 million.
• A hedge fund, Parallel Advisors LLC, recently purchased 44,652 shares of Pixelworks, increasing institutional investor ownership of the company to 21.37%.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 160,000 shares, an increase of 79.8% from the August 31st total of 89,000 shares. Based on an average trading volume of 111,000 shares, the short-interest ratio is currently 1.4 days. Currently, 3.3% of the shares of the stock are sold short. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 111,000 shares, the short-interest ratio is currently 1.4 days.

Pixelworks Stock Down 8.7%

Pixelworks stock opened at $13.00 on Friday. The stock has a market capitalization of $69.42 million, a PE ratio of -2.32 and a beta of 1.71. Pixelworks has a twelve month low of $4.67 and a twelve month high of $15.03. The company has a quick ratio of 2.35, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $9.94 and a 200-day moving average of $8.07.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pixelworks stock. Parallel Advisors LLC purchased a new stake in Pixelworks, Inc. (NASDAQ:PXLW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 44,652 shares of the semiconductor company's stock, valued at approximately $28,000. Parallel Advisors LLC owned 0.07% of Pixelworks as of its most recent SEC filing. Institutional investors and hedge funds own 21.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC dropped their target price on shares of Pixelworks from $18.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Pixelworks in a research report on Saturday, September 27th. Roth Capital set a $10.00 price target on shares of Pixelworks and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Pixelworks from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.67.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.

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