The stock of Adesto Tech Corporation (NASDAQ:IOTS) registered an increase of 28.77% in short interest. IOTS’s total short interest was 218,000 shares in May as published by FINRA. Its up 28.77% from 169,300 shares, reported previously. With 87,400 shares average volume, it will take short sellers 3 days to cover their IOTS’s short positions. The short interest to Adesto Tech Corporation’s float is 8.62%. The stock increased 0.54% or $0.02 on May 13, hitting $3.72. About 34,068 shares traded hands. Adesto Technologies Corp (NASDAQ:IOTS) has risen 6.00% since April 16, 2016 and is uptrending. It has outperformed by 4.35% the S&P500.

Adesto Technologies Corporation is a well-known provider of application-specific non-volatile memory products. The company has a market cap of $56.01 million. The Firm optimizes its NVM products for Internet of Things (IoT) applications, including Internet-connected devices in the consumer electronics, industrial, medical and wearables markets. It currently has negative earnings. The Company’s NVM product families include DataFlash, Fusion Flash and Mavriq.

Out of 3 analysts covering Adesto Technologies (NASDAQ:IOTS), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Adesto Technologies has been the topic of 6 analyst reports since November 23, 2015 according to StockzIntelligence Inc.