ASMPT Limited (OTCMKTS:ASMVY) Stock Short Interest Declines 63.7%

ASMPT Limited (OTCMKTS:ASMVY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 316 shares, a decline of 63.7% from the September 30th total of 870 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,881 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research cut ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

ASMPT Stock Performance

Shares of OTCMKTS ASMVY opened at $39.15 on Friday. The firm has a 50 day moving average price of $58.81 and a two-hundred day moving average price of $56.80. ASMPT has a 52-week low of $27.25 and a 52-week high of $93.58.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology Limited, is a Hong Kong-based supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves customers across the semiconductor assembly and packaging, surface-mount technology (SMT), and electronics production industries.

Its Semiconductor Solutions business provides equipment for processes such as die bonding, wire bonding, advanced packaging, and other semiconductor assembly applications.