Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 40.2% in July

Advantest Corp. (OTCMKTS:ATEYY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,861 shares, a drop of 40.2% from the June 30th total of 41,602 shares. Based on an average daily trading volume, of 731,471 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

ATEYY has been the topic of a number of recent research reports. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Advantest Trading Up 3.7%

Shares of OTCMKTS:ATEYY opened at $197.67 on Friday. Advantest has a 52 week low of $64.91 and a 52 week high of $222.45. The company’s 50 day moving average is $179.87 and its two-hundred day moving average is $169.04. The company has a market cap of $144.69 billion, a PE ratio of 48.69 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The business had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. As a group, equities research analysts expect that Advantest will post 4.95 EPS 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.