Advantest Co. (OTCMKTS:ATEYY) Sees Significant Decrease in Short Interest

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,100 shares, a decrease of 69.6% from the November 30th total of 6,900 shares. Based on an average daily trading volume, of 110,900 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Advantest to a “strong-buy” rating in a report on Monday, October 7th.

Advantest Price Performance

Shares of Advantest stock traded up $1.86 on Thursday, hitting $57.35. The company’s stock had a trading volume of 41,502 shares, compared to its average volume of 204,638. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 3.04. The company has a market capitalization of $42.33 billion, a price-to-earnings ratio of 60.37 and a beta of 1.41. Advantest has a 1 year low of $31.19 and a 1 year high of $64.95. The firm has a fifty day moving average price of $57.74 and a 200-day moving average price of $47.68.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Advantest had a net margin of 17.67% and a return on equity of 24.47%. As a group, sell-side analysts anticipate that Advantest will post 1.16 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.