Advantest Corp. (OTCMKTS:ATEYY) Shares Shorted: Short Interest Up 78.8% in September

Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 98,664 shares, a growth of 78.8% from the August 31st total of 55,168 shares. Based on an average daily volume of 143,995 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Advantest Stock Down 1.1%

Shares of ATEYY opened at $220.86 on Thursday. The firm has a market cap of $161.67 billion, a PE ratio of 54.40 and a beta of 2.12. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $208.63 and its two-hundred day moving average is $184.79. Advantest has a fifty-two week low of $101.13 and a fifty-two week high of $240.89.

Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The business had revenue of $2.31 billion during the quarter. Analysts forecast that Advantest will post 6.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on ATEYY

About Advantest

(Get Free Report)

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.

Further Reading

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