Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Up 141.3% in November

Tokyo Electron Limited (OTCMKTS:TOELY) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 102,800 shares, an increase of 141.3% from the October 31st total of 42,600 shares. Based on an average daily volume of 330,000 shares, the days-to-cover ratio is currently 0.3 days.

Tokyo Electron Price Performance

OTCMKTS TOELY traded up $5.87 on Friday, hitting $78.22. 116,928 shares of the stock were exchanged, compared to its average volume of 173,952. The business’s fifty day moving average is $79.23 and its 200 day moving average is $93.26. Tokyo Electron has a 52 week low of $68.83 and a 52 week high of $134.91. The company has a market capitalization of $72.07 billion, a PE ratio of 23.21 and a beta of 1.52.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Tokyo Electron to a “strong-buy” rating in a research report on Monday, October 7th.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.