What’s Netlist Incorporated (NASDAQ:NLST) Upside After This Short Interest Decrease?

July 18, 2017 - By Michael Collier

 What's Netlist Incorporated (NASDAQ:NLST) Upside After This Short Interest Decrease?

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 1.75, from 2.57 in 2016Q3. It fall, as 7 investors sold Netlist, Inc. shares while 4 reduced holdings. 2 funds opened positions while 7 raised stakes. 13.15 million shares or 1.73% less from 13.38 million shares in 2016Q3 were reported.
17,930 are held by Sii Invs Wi. Natl Bank Of Ny Mellon Corporation reported 0% in Netlist, Inc. (NASDAQ:NLST). California Public Employees Retirement Systems reported 0% of its portfolio in Netlist, Inc. (NASDAQ:NLST). Penn Cap Mngmt Company has invested 0.09% in Netlist, Inc. (NASDAQ:NLST). Fincl Advantage Incorporated reported 29,377 shares. Moreover, Blackrock Fund has 0% invested in Netlist, Inc. (NASDAQ:NLST). 7,893 are owned by Blackrock Investment Limited. New York-based Awm Investment Inc has invested 1.14% in Netlist, Inc. (NASDAQ:NLST). Fortress Invest Group Incorporated Ltd holds 0.03% or 1.07M shares in its portfolio. Illinois-based Northern Trust has invested 0% in Netlist, Inc. (NASDAQ:NLST). Renaissance Tech Limited Co accumulated 81,900 shares. White Pine Ltd Llc reported 78,500 shares. Goldman Sachs Gru holds 0% or 35,682 shares. Moreover, Barclays Public Ltd Co has 0% invested in Netlist, Inc. (NASDAQ:NLST). Guggenheim Cap invested 0% in Netlist, Inc. (NASDAQ:NLST).

Since June 6, 2017, it had 0 insider buys, and 3 insider sales for $229,080 activity.

The stock of Netlist Incorporated (NASDAQ:NLST) registered a decrease of 3.62% in short interest. NLST’s total short interest was 2.70 million shares in July as published by FINRA. Its down 3.62% from 2.80M shares, reported previously. With 123,300 shares average volume, it will take short sellers 22 days to cover their NLST’s short positions. The short interest to Netlist Incorporated’s float is 5.36%.

It closed at $1.12 lastly. It is down 9.43% since July 18, 2016 and is downtrending. It has underperformed by 26.13% the S&P500.

Netlist, Inc. designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The company has market cap of $71.23 million. The Firm operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. It currently has negative earnings. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits , NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

Netlist, Inc. (NASDAQ:NLST) Ratings Coverage

Among 3 analysts covering Netlist (NASDAQ:NLST), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Netlist had 4 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, September 1 by Zacks. The rating was upgraded by Zacks to “Hold” on Thursday, September 17. The rating was initiated by B. Riley & Co with “Buy” on Thursday, September 22.

More notable recent Netlist, Inc. (NASDAQ:NLST) news were published by: Prnewswire.com which released: “Netlist Adopts Short-Term Stockholder Rights Agreement With An Initial …” on April 17, 2017, also Prnewswire.com with their article: “Netlist And TRGP Announce Financing To Cover All Costs Of Legal Actions …” published on May 04, 2017, Prnewswire.com published: “Netlist, Inc. Announces Pricing of 8000000 Shares Follow-On Offering” on September 16, 2016. More interesting news about Netlist, Inc. (NASDAQ:NLST) were released by: Prnewswire.com and their article: “Netlist Expands Legal Action Against SK hynix For Patent Infringement” published on July 17, 2017 as well as Prnewswire.com‘s news article titled: “Netlist Announces Election Of Kiho Choi To Board Of Directors” with publication date: June 01, 2017.

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