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

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 463,200 shares, a growth of 25.5% from the December 31st total of 369,000 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of GSI Technology

Several institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in GSI Technology by 42.3% during the 2nd quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company's stock valued at $53,000 after buying an additional 5,890 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in GSI Technology during the fourth quarter valued at $114,000. Geode Capital Management LLC increased its holdings in GSI Technology by 19.0% in the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company's stock valued at $626,000 after acquiring an additional 32,711 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its holdings in shares of GSI Technology by 1.3% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 471,986 shares of the semiconductor company's stock worth $1,440,000 after purchasing an additional 6,012 shares during the last quarter. Hedge funds and other institutional investors own 33.15% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of GSI Technology from a "hold" rating to a "sell" rating in a report on Monday, October 28th.

GSI Technology Stock Up 3.3 %

NASDAQ:GSIT traded up $0.10 during mid-day trading on Wednesday, hitting $3.11. 191,876 shares of the company traded hands, compared to its average volume of 4,285,147. GSI Technology has a one year low of $2.01 and a one year high of $6.02. The firm has a market cap of $79.25 million, a price-to-earnings ratio of -6.22 and a beta of 0.98. The stock's fifty day moving average price is $3.05 and its 200-day moving average price is $2.99.

GSI Technology (NASDAQ:GSIT - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor company reported ($0.16) earnings per share for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 48.28%.

About GSI Technology

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.