Short Interest in Everspin Tech (NASDAQ:MRAM) Rises By 20.5%

Everspin Tech (NASDAQ:MRAM) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 903,197 shares, a growth of 20.5% from the March 31st total of 749,481 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 410,006 shares, the days-to-cover ratio is presently 2.2 days.

Everspin Tech Stock Performance

MRAM stock traded up $3.21 during midday trading on Friday, hitting $21.49. 4,675,080 shares of the stock were exchanged, compared to its average volume of 1,218,889. The stock’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.43. The stock has a market cap of $503.94 million, a price-to-earnings ratio of 2,151.15 and a beta of 1.75. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $22.69.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The company had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Everspin Tech News Summary

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: Everspin signed a roughly $40M, 2.5‑year agreement with a U.S. prime contractor to deliver Toggle MRAM process capabilities and engineering services for military/aerospace customers — a clear revenue/backlog catalyst and validation of Everspin’s role in defense supply chains. Everspin Executes $40M Agreement for Mil-Aero MRAM Applications
• Positive Sentiment: Quarterly results surprised modestly to the upside (EPS and revenue beat expectations) and company commentary highlighted strong MRAM sales, which helped lift sentiment and trading interest. Everspin Stock Rallies On Double Beat, $40M U.S. Defense Contract Win
• Positive Sentiment: Management guided Q2 revenue roughly to $15.5M–$16.5M and provided EPS guidance of $0.00–$0.03, signaling expected sequential growth and recurring defense program revenue visibility. That revenue guide gives investors a clearer short‑term growth runway. Everspin forecasts $15.5M-$16.5M Q2 revenue as it signs 2.5-year $40M subcontract
• Neutral Sentiment: Needham & Company raised its coverage and price target (buy rating; PT raised to $18.50). The upgrade signals analyst support, but the stated PT is below the current share price, making the note mixed in impact. Needham & Company LLC Issues Positive Forecast for Everspin Tech (NASDAQ:MRAM) Stock Price
• Neutral Sentiment: Unusually large options activity (a multi-hundred-percent increase in call volume) points to speculative bullish positioning and may amplify intraday moves but is not a fundamental change. (reported market activity)
• Negative Sentiment: Earnings‑call commentary flagged rising costs even as revenue grows; higher costs could pressure margins and limit near‑term profitability improvement. Investors weighing valuation should note low net margins and conservative EPS guidance. Everspin Earnings Call: MRAM Growth, Costs Rising

Insider Buying and Selling

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 19,440 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total value of $178,848.00. Following the completion of the transaction, the chief executive officer owned 847,881 shares in the company, valued at $7,800,505.20. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everspin Tech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Everspin Tech in the fourth quarter valued at approximately $2,204,000. Jane Street Group LLC raised its position in shares of Everspin Tech by 265.0% during the 4th quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock worth $1,707,000 after purchasing an additional 133,560 shares during the last quarter. Herald Investment Management Ltd lifted its stake in Everspin Tech by 18.5% in the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after buying an additional 125,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in Everspin Tech in the 2nd quarter valued at approximately $716,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Everspin Tech by 426.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 111,542 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MRAM. Needham & Company LLC upped their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.50.

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.