After Reaching Milestone, Is Netlist Inc (NASDAQ:NLST)’s Short Interest Revealing Something?

March 22, 2018 - By Adrian Mccoy

 After Reaching Milestone, Is Netlist Inc (NASDAQ:NLST)’s Short Interest Revealing Something?

Investors sentiment increased to 2.75 in Q3 2017. Its up 2.25, from 0.5 in 2017Q2. It increased, as 0 investors sold Netlist, Inc. shares while 4 reduced holdings. 7 funds opened positions while 4 raised stakes. 13.87 million shares or 27.49% more from 10.88 million shares in 2017Q2 were reported.
Moreover, Commonwealth Equity Ser has 0% invested in Netlist, Inc. (NASDAQ:NLST). 47,100 are owned by California Employees Retirement. Citadel Advsr Ltd Llc holds 48,700 shares or 0% of its portfolio. Penn Incorporated invested 0.05% in Netlist, Inc. (NASDAQ:NLST). Ontario – Canada-based Royal State Bank Of Canada has invested 0% in Netlist, Inc. (NASDAQ:NLST). Hudson Bay Mgmt Limited Partnership reported 414,888 shares. Geode Mngmt Limited Liability Co holds 0% of its portfolio in Netlist, Inc. (NASDAQ:NLST) for 270,723 shares. Barclays Public Limited stated it has 0% in Netlist, Inc. (NASDAQ:NLST). Awm Invest holds 6.91 million shares. Art Advsr Limited Liability Com invested 0% of its portfolio in Netlist, Inc. (NASDAQ:NLST). 23,509 are held by Goldman Sachs Group Inc. 29,377 are held by Fin Advantage. 20,137 are held by Virtu Fincl Limited Liability. G2 Inv Prns Management Ltd Liability Co holds 0.26% or 890,900 shares. 830,070 were accumulated by Fortress Gp Limited Company.

The stock of Netlist Inc (NASDAQ:NLST) registered an increase of 19.88% in short interest. NLST’s total short interest was 6.26M shares in March as published by FINRA. Its up 19.88% from 5.22M shares, reported previously. With 3.36 million shares average volume, it will take short sellers 2 days to cover their NLST’s short positions. The short interest to Netlist Inc’s float is 10.78%.

The stock decreased 1.67% or $0.005 during the last trading session, reaching $0.265. About 719,655 shares traded. Netlist, Inc. (NASDAQ:NLST) has declined 9.43% since March 22, 2017 and is downtrending. It has underperformed by 26.13% the S&P500.

Netlist, Inc. designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. The company has market cap of $18.66 million. It offers Hybri dual in-line memory module , a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds. It currently has negative earnings. The firm also provides nonvolatile (NV) memory products, such as EXPRESSvault PCIe, a plug-and-play memory card, which offers data acceleration and data protection for server appliances; NVvault DDR3 NVDIMM that provides data acceleration and data protection in a joint electron device engineering council (JEDEC)standard DD3 interface for integration into industry-standard server and storage solutions; NVvault DDR4 NVDIMM, which offers data acceleration and data protection in a JEDEC standard DDR4 interface; and specialty DIMMs and embedded flash products for use in data center and industrial applications.

Netlist, Inc. (NASDAQ:NLST) Ratings Coverage

Among 4 analysts covering Netlist (NASDAQ:NLST), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Netlist had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Tuesday, September 1. As per Thursday, September 17, the company rating was upgraded by Zacks. B. Riley & Co initiated the stock with “Buy” rating in Thursday, September 22 report. The stock has “Buy” rating by Roth Capital on Wednesday, November 15. B. Riley & Co maintained the shares of NLST in report on Monday, August 7 with “Buy” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.