Camtek LTD. (NASDAQ:CAMT) Short Interest Down 16.7% in January
Camtek LTD. (NASDAQ:CAMT) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 219,100 shares, a decline of 16.7% from the January 15th total of 263,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 98,100 shares, the days-to-cover ratio is presently 2.2 days.
NASDAQ:CAMT traded up $0.37 during mid-day trading on Friday, reaching $12.05. The stock had a trading volume of 113,443 shares, compared to its average volume of 104,761. The firm has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $10.39. The stock has a market capitalization of $440.37 million, a P/E ratio of 19.44 and a beta of 1.65. Camtek has a one year low of $7.88 and a one year high of $14.24.
A number of analysts recently weighed in on CAMT shares. BidaskClub downgraded Camtek from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Zacks Investment Research upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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