Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Key Points

• Short interest in Pixelworks grew significantly in August, increasing by 127.0% to 89,000 shares, representing 1.8% of the company's stock sold short.
• Analysts have mixed views on Pixelworks, with price targets ranging from $10.00 to $13.00 and a consensus rating of "Buy" with a price target of $11.67.
• A hedge fund recently acquired a new stake in Pixelworks, purchasing 44,652 shares valued at approximately $28,000, while institutional investors own 21.37% of the company's stock.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 89,000 shares, a growth of 127.0% from the August 15th total of 39,200 shares. Currently, 1.8% of the company's stock are sold short. Based on an average daily volume of 108,900 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 108,900 shares, the short-interest ratio is currently 0.8 days. Currently, 1.8% of the company's stock are sold short.

Pixelworks Stock Performance

Pixelworks stock traded down $0.88 during trading on Friday, hitting $11.59. The stock had a trading volume of 152,074 shares, compared to its average volume of 154,620. Pixelworks has a 1 year low of $4.67 and a 1 year 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 stock's 50 day moving average is $9.47 and its two-hundred day moving average is $7.80. The stock has a market cap of $61.89 million, a price-to-earnings ratio of -2.07 and a beta of 1.68.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC decreased their price objective on Pixelworks from $18.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Roth Capital set a $10.00 price objective on Pixelworks and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen raised Pixelworks from a "sell" rating to a "hold" rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $11.67.

Hedge Funds Weigh In On Pixelworks

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

About Pixelworks

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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