Tokyo Electron Limited (OTCMKTS:TOELY) Sees Large Increase in Short Interest

Tokyo Electron Limited (OTCMKTS:TOELY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 92,200 shares, a growth of 94.1% from the December 15th total of 47,500 shares. Based on an average daily trading volume, of 254,700 shares, the short-interest ratio is presently 0.4 days.

Tokyo Electron Trading Up 0.4 %

Shares of OTCMKTS:TOELY traded up $0.37 on Thursday, reaching $83.45. The company had a trading volume of 179,934 shares, compared to its average volume of 155,015. The firm has a market capitalization of $76.89 billion, a PE ratio of 31.14 and a beta of 1.51. Tokyo Electron has a 52-week low of $68.83 and a 52-week high of $134.91. The firm’s 50 day simple moving average is $77.04 and its 200-day simple moving average is $85.61.

Analyst Upgrades and Downgrades

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

Tokyo Electron Company Profile

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.