Could Adesto Technologies Corporation (NASDAQ:IOTS) Skyrocket? The Stock Had Too Little Sellers

Adesto Technologies Corporation (NASDAQ:IOTS) Logo

The stock of Adesto Technologies Corporation (NASDAQ:IOTS) registered a decrease of 7.62% in short interest. IOTS’s total short interest was 2.30 million shares in September as published by FINRA. Its down 7.62% from 2.49 million shares, reported previously. With 183,300 shares average volume, it will take short sellers 13 days to cover their IOTS’s short positions.

The stock decreased 1.70% or $0.19 during the last trading session, reaching $10.99. About 571,100 shares traded or 96.60% up from the average. Adesto Technologies Corporation (NASDAQ:IOTS) has risen 52.14% since September 13, 2018 and is uptrending. It has outperformed by 52.14% the S&P500.

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company has market cap of $335.30 million. The firm offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption. It currently has negative earnings. It also provides conductive bridging random access memory based products, which include Mavriq for Internet of Things and other applications, which include camera sensors, Bluetooth low energy devices, wearables, gaming components, printer cartridges, medical equipment, and other devices; and Moneta for retail beacons, wearable medical and fitness devices, industrial and environmental sensors, agricultural monitors, and other low energy/long battery life, or energy harvesting system applications.

More notable recent Adesto Technologies Corporation (NASDAQ:IOTS) news were published by: Globenewswire.com which released: “Adesto Demonstrates Predictive Energy Analytics for Smart Buildings – GlobeNewswire” on January 14, 2019, also Nasdaq.com with their article: “7 A-Rated Stocks Under $10 – Nasdaq” published on July 31, 2019, Globenewswire.com published: “Adesto Flash Memory Adopted by OPKIX for Wearable Video Camera – GlobeNewswire” on April 01, 2019. More interesting news about Adesto Technologies Corporation (NASDAQ:IOTS) were released by: Profitconfidential.com and their article: “Why This $6.33 Internet of Things Stock Could Soar in 2019 – Profit Confidential” published on April 15, 2019 as well as Globenewswire.com‘s news article titled: “Adesto’s FT 6050 Smart Transceiver Now Natively Supports both LonWorks® and BACnet® Protocols – GlobeNewswire” with publication date: August 08, 2019.

Adesto Technologies Corporation (NASDAQ:IOTS) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.