What Next for Everspin Technologies Inc (NASDAQ:MRAM) Stock After Decrease in Shorted Shares?

The stock of Everspin Technologies Inc (NASDAQ:MRAM) registered a decrease of 1.98% in short interest. MRAM’s total short interest was 588,300 shares in March as published by FINRA. Its down 1.98% from 600,200 shares, reported previously. With 20,300 shares average volume, it will take short sellers 29 days to cover their MRAM’s short positions. The short interest to Everspin Technologies Inc’s float is 7.82%.

The stock decreased 2.15% or $0.18 during the last trading session, reaching $8.21. About 440,664 shares traded or 440.55% up from the average. Everspin Technologies, Inc. (NASDAQ:MRAM) has risen 22.95% since March 17, 2018 and is uptrending. It has outperformed by 18.58% the S&P500.

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory products to clients in the United States and internationally. The company has market cap of $140.34 million. It offers first generation, second generation, third generation, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. It currently has negative earnings. The firm provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.

More notable recent Everspin Technologies, Inc. (NASDAQ:MRAM) news were published by: Nasdaq.com which released: “Technology Sector Update for 02/11/2019: RGSE,DPW, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” on February 11, 2019, also Nasdaq.com with their article: “Mid-Day Market Update: Crude Oil Up 3%; Bio-Path Holdings Shares Plummet – Nasdaq” published on January 15, 2019, Businesswire.com published: “Everspin Reports Third Quarter 2018 Financial Results – Business Wire” on November 08, 2018. More interesting news about Everspin Technologies, Inc. (NASDAQ:MRAM) were released by: Nasdaq.com and their article: “Shares of EXC Now Oversold – Nasdaq” published on December 26, 2018 as well as Nasdaq.com‘s news article titled: “DTE Makes Notable Cross Below Critical Moving Average – Nasdaq” with publication date: December 26, 2018.

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