Everspin Tech (NASDAQ:MRAM) Short Interest Update

Everspin Tech (NASDAQ:MRAM) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 487,630 shares, an increase of 31.0% from the November 30th total of 372,185 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 178,364 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 178,364 shares, the short-interest ratio is currently 2.7 days. Currently, 2.3% of the company’s stock are short sold.

Everspin Tech Stock Up 2.5%

Shares of MRAM stock traded up $0.23 during trading hours on Tuesday, hitting $9.36. 117,076 shares of the company’s stock traded hands, compared to its average volume of 151,637. The stock has a market cap of $213.97 million, a PE ratio of -312.00 and a beta of 0.76. The stock’s 50 day simple moving average is $9.06 and its 200 day simple moving average is $7.98. Everspin Tech has a 12 month low of $4.34 and a 12 month high of $12.27.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $14.06 million during the quarter, compared to the consensus estimate of $14.00 million. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Analyst Ratings Changes

Several research analysts have commented on MRAM shares. Wall Street Zen upgraded shares of Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Needham & Company LLC boosted their price target on Everspin Tech from $8.00 to $10.50 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Everspin Tech presently has an average rating of “Hold” and an average target price of $10.50.

Insiders Place Their Bets

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 17,147 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $10.15, for a total value of $174,042.05. Following the completion of the sale, the chief executive officer owned 574,757 shares in the company, valued at $5,833,783.55. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Darin G. Billerbeck sold 12,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $9.42, for a total value of $113,040.00. Following the completion of the sale, the director owned 124,073 shares in the company, valued at approximately $1,168,767.66. This trade represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everspin Tech

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech during the second quarter worth $25,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Everspin Tech during the 3rd quarter valued at about $82,000. Silverberg Bernstein Capital Management LLC acquired a new stake in Everspin Tech during the second quarter worth approximately $68,000. Algert Global LLC bought a new stake in Everspin Tech in the third quarter worth approximately $102,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Everspin Tech in the second quarter valued at approximately $70,000. 44.68% of the stock is owned by institutional investors.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.