Short Interest in Everspin Tech (NASDAQ:MRAM) Increases By 211.3%

Everspin Tech (NASDAQ:MRAM) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,826,117 shares, an increase of 211.3% from the April 30th total of 907,808 shares. Based on an average daily trading volume, of 8,318,231 shares, the short-interest ratio is currently 0.3 days. Currently, 12.9% of the company’s stock are short sold.

Insider Activity

In other Everspin Tech news, CFO William Earl Cooper sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00. Following the completion of the transaction, the chief financial officer owned 151,030 shares in the company, valued at $4,399,503.90. The trade was a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjeev Aggarwal sold 28,459 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22. Following the transaction, the chief executive officer owned 819,422 shares of the company’s stock, valued at $16,044,282.76. This trade represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 176,499 shares of company stock worth $5,032,220 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech in the 2nd quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in Everspin Tech during the 4th quarter worth $41,000. State Street Corp boosted its stake in Everspin Tech by 5.7% during the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock worth $791,000 after purchasing an additional 4,600 shares during the period. Bank of America Corp DE boosted its stake in Everspin Tech by 28.6% during the 2nd quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock worth $171,000 after purchasing an additional 6,041 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Everspin Tech by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after purchasing an additional 8,618 shares during the period. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Tech Trading Down 15.6%

Shares of Everspin Tech stock opened at $26.38 on Friday. The company has a fifty day simple moving average of $18.93 and a 200-day simple moving average of $13.29. Everspin Tech has a 12-month low of $5.50 and a 12-month high of $51.50. The stock has a market cap of $618.61 million, a price-to-earnings ratio of 2,640.64 and a beta of 1.75.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MRAM shares. Needham & Company LLC boosted their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock 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.