Short Interest in Pixelworks Rises By 27.0% (PXLW)
Pixelworks (NASDAQ:PXLW) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 3,150,669 shares, a growth of 27.0% from the July 31st total of 2,479,930 shares, ARN reports. Currently, 15.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,152,431 shares, the short-interest ratio is currently 2.7 days.
Separately, analysts at Zacks downgraded shares of Pixelworks from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $10.10 price target on the stock.
Pixelworks (NASDAQ:PXLW) opened at 6.63 on Thursday. Pixelworks has a one year low of $3.65 and a one year high of $9.83. The stock has a 50-day moving average of $7.07 and a 200-day moving average of $6.45. The company’s market cap is $151.9 million.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.03. The company had revenue of $15.17 million for the quarter, compared to the consensus estimate of $15.00 million. During the same quarter last year, the company posted ($0.23) earnings per share. Pixelworks’s revenue was up 58.8% compared to the same quarter last year. Analysts expect that Pixelworks will post $0.02 EPS for the current fiscal year.
Pixelworks, Inc (NASDAQ:PXLW) is a designer, developer and marketer of video and pixel processing semiconductors and software for digital video applications.
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