ASM International NV (OTCMKTS:ASMIY) Sees Significant Growth in Short Interest

ASM International NV (OTCMKTS:ASMIY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 3,475 shares, a growth of 284.8% from the July 15th total of 903 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 25,720 shares, the short-interest ratio is currently 0.1 days.

ASM International Trading Up 1.5%

Shares of ASM International stock opened at $1,032.32 on Thursday. The business’s fifty day simple moving average is $1,043.03 and its 200 day simple moving average is $940.44. ASM International has a 12 month low of $463.86 and a 12 month high of $1,248.72. The firm has a market capitalization of $50.46 billion, a P/E ratio of 40.48 and a beta of 2.00.

Wall Street Analysts Forecast Growth

ASMIY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays restated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.