Short Interest in Advantest Co. (OTCMKTS:ATEYY) Declines By 25.0%

Advantest Co. (OTCMKTS:ATEYY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 33,000 shares, a drop of 25.0% from the June 30th total of 44,000 shares. Based on an average trading volume of 324,800 shares, the short-interest ratio is currently 0.1 days.

Advantest Stock Performance

ATEYY stock traded down $0.06 on Monday, reaching $36.57. 53,800 shares of the company were exchanged, compared to its average volume of 283,513. The stock’s fifty day moving average price is $37.38 and its 200 day moving average price is $39.36. Advantest has a 12 month low of $23.48 and a 12 month high of $49.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.33 and a quick ratio of 1.71. The firm has a market capitalization of $26.99 billion, a PE ratio of 63.05 and a beta of 1.49.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Friday, April 26th. The company reported $0.14 earnings per share (EPS) for the quarter. Advantest had a net margin of 12.76% and a return on equity of 15.19%. The company had revenue of $914.77 million for the quarter, compared to analysts’ expectations of $838.83 million. On average, research analysts anticipate that Advantest will post 0.64 EPS for the current fiscal year.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics systems in Japan, the United States, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Service and other departments.