Short Interest in Everspin Tech (NASDAQ:MRAM) Expands By 31.0%

Everspin Tech (NASDAQ:MRAM) was the target of a large 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. Approximately 2.3% of the company’s stock are sold short. Based on an average daily volume of 178,364 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 178,364 shares, the short-interest ratio is currently 2.7 days. Approximately 2.3% of the company’s stock are sold short.

Everspin Tech Stock Performance

MRAM stock traded down $0.08 during trading on Thursday, hitting $9.28. The stock had a trading volume of 72,529 shares, compared to its average volume of 148,904. The stock has a market cap of $212.14 million, a price-to-earnings ratio of -309.33 and a beta of 0.76. The company’s 50 day moving average price is $9.05 and its two-hundred day moving average price is $7.98. Everspin Tech has a 1-year low of $4.34 and a 1-year high of $12.27.

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

Insider Activity

In other Everspin Tech news, Director Darin G. Billerbeck sold 12,000 shares of Everspin Tech stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $9.42, for a total transaction of $113,040.00. Following the transaction, the director owned 124,073 shares of the company’s stock, valued at $1,168,767.66. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.90% of the company’s stock.

Institutional Trading of Everspin Tech

A number of hedge funds have recently added to or reduced their stakes in MRAM. Lynrock Lake LP grew its holdings in Everspin Tech by 132.0% in the 1st quarter. Lynrock Lake LP now owns 1,586,370 shares of the business services provider’s stock valued at $8,090,000 after buying an additional 902,489 shares during the period. Herald Investment Management Ltd boosted its position in shares of Everspin Tech by 18.5% in the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after acquiring an additional 125,000 shares during the last quarter. Marshall Wace LLP purchased a new stake in Everspin Tech in the second quarter valued at approximately $716,000. Arrowstreet Capital Limited Partnership increased its position in Everspin Tech by 426.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 111,542 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Everspin Tech during the second quarter worth approximately $428,000. 44.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRAM has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday. Wall Street Zen raised Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Needham & Company LLC upped 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. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.50.

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.