GSI Technology, Inc. (NASDAQ:GSIT) Short Interest Down 54.6% in May

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 391,800 shares, a decrease of 54.6% from the April 30th total of 863,900 shares. Based on an average daily trading volume, of 222,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSIT. Ethos Financial Group LLC bought a new stake in shares of GSI Technology during the fourth quarter worth $31,000. Two Sigma Advisers LP acquired a new stake in GSI Technology in the fourth quarter worth about $33,000. Barclays PLC bought a new stake in GSI Technology during the 4th quarter worth about $39,000. Essex Investment Management Co. LLC acquired a new position in GSI Technology during the 1st quarter valued at about $69,000. Finally, Jones Financial Companies Lllp bought a new position in shares of GSI Technology in the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 33.15% of the company's stock.

GSI Technology Price Performance

Shares of NASDAQ:GSIT traded up $0.01 during trading on Monday, reaching $3.14. The stock had a trading volume of 166,898 shares, compared to its average volume of 553,904. The stock has a market capitalization of $80.39 million, a PE ratio of -6.28 and a beta of 1.13. GSI Technology has a 52 week low of $1.62 and a 52 week high of $4.90. The business's 50-day moving average price is $2.86 and its 200 day moving average price is $2.93.

GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%. The business had revenue of $5.88 million for the quarter.

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.