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

Advantest Co. (OTCMKTS:ATEYY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 15,300 shares, an increase of 128.4% from the February 28th total of 6,700 shares. Based on an average trading volume of 410,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein lowered Advantest from a “strong-buy” rating to a “market perform” rating in a report on Monday.

Advantest Stock Performance

OTCMKTS:ATEYY opened at $45.23 on Friday. The firm has a market capitalization of $33.38 billion, a PE ratio of 37.07 and a beta of 1.34. Advantest has a 1 year low of $31.52 and a 1 year high of $65.40. The company has a current ratio of 2.94, a quick ratio of 1.78 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $56.59 and its 200 day simple moving average is $55.66.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.46 earnings per share (EPS) for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. On average, sell-side analysts anticipate that Advantest will post 1.61 EPS for the current 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.