Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 62.3% in May

Advantest Corp. (OTCMKTS:ATEYY) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 21,560 shares, a decrease of 62.3% from the April 30th total of 57,163 shares. Based on an average trading volume of 158,619 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Advantest has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

OTCMKTS:ATEYY opened at $165.65 on Friday. Advantest has a 52 week low of $49.10 and a 52 week high of $198.32. The firm has a 50-day moving average price of $165.90 and a two-hundred day moving average price of $152.47. The firm has a market cap of $121.26 billion, a price-to-earnings ratio of 48.72 and a beta of 2.22.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion during the quarter. As a group, sell-side analysts forecast that Advantest will post 4.64 earnings per share for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.