Everspin Technologies, Inc. (MRAM) At $8.81 Forms Bottom; Sit Rising Rate Etf (NYSEARCA:RISE) SI Increased By 176.47%

Sit Rising Rate Etf (NYSEARCA:RISE) had an increase of 176.47% in short interest. RISE’s SI was 23,500 shares in May as released by FINRA. Its up 176.47% from 8,500 shares previously. With 5,600 avg volume, 4 days are for Sit Rising Rate Etf (NYSEARCA:RISE)’s short sellers to cover RISE’s short positions. The ETF increased 0.42% or $0.105 during the last trading session, reaching $25.102. About 6,303 shares traded. Sit Rising Rate ETF (NYSEARCA:RISE) has risen 3.89% since May 16, 2017 and is uptrending. It has underperformed by 7.66% the S&P500.

Everspin Technologies, Inc. (MRAM) formed multiple bottom with $8.19 target or 7.00% below today’s $8.81 share price. Everspin Technologies, Inc. (MRAM) has $146.68M valuation. It closed at $8.81 lastly. It is down 3.14% since May 16, 2017 and is downtrending. It has underperformed by 14.69% the S&P500.

Analysts await Everspin Technologies, Inc. (NASDAQ:MRAM) to report earnings on August, 9. They expect $-0.43 EPS, down 7.50% or $0.03 from last year’s $-0.4 per share. After $-0.09 actual EPS reported by Everspin Technologies, Inc. for the previous quarter, Wall Street now forecasts 377.78% negative EPS growth.

Among 3 analysts covering Everspin Technologies Inc (NASDAQ:MRAM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everspin Technologies Inc has $24.0 highest and $1200 lowest target. $20’s average target is 127.01% above currents $8.81 stock price. Everspin Technologies Inc had 7 analyst reports since June 5, 2017 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, August 11 report. The rating was maintained by Needham with “Buy” on Monday, August 28. The firm earned “Buy” rating on Monday, June 12 by Needham. The rating was maintained by Stifel Nicolaus on Thursday, August 10 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, June 5. The stock of Everspin Technologies, Inc. (NASDAQ:MRAM) earned “Buy” rating by Canaccord Genuity on Monday, August 14. The firm has “Buy” rating by Canaccord Genuity given on Thursday, August 24.

Another recent and important Sit Rising Rate ETF (NYSEARCA:RISE) news was published by Investorplace.com which published an article titled: “5 ETFs to Play Rising Yields” on April 23, 2018.

Everspin Technologies, Inc. (NASDAQ:MRAM) Ratings Chart