Netlist, Inc. (NLST) Short Interest Up 19.9% in January

Netlist, Inc. (NASDAQ:NLST) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 6,259,300 shares, a growth of 19.9% from the January 12th total of 5,221,371 shares. Approximately 9.8% of the company’s stock are short sold. Based on an average daily volume of 3,357,642 shares, the days-to-cover ratio is currently 1.9 days.

Shares of Netlist (NLST) traded down $0.01 during mid-day trading on Friday, reaching $0.28. 782,876 shares of the company traded hands, compared to its average volume of 2,699,881. Netlist has a one year low of $0.25 and a one year high of $1.40. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78.

A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP raised its stake in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,400,500 shares of the semiconductor company’s stock after acquiring an additional 200,000 shares during the period. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 as of its most recent SEC filing. 20.55% of the stock is owned by institutional investors.

NLST has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Netlist from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine raised shares of Netlist from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.

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About Netlist

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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