Short Interest in Aehr Test Systems (NASDAQ:AEHR) Declines By 6.3%

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,550,000 shares, a decline of 6.3% from the January 15th total of 6,990,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new stake in Aehr Test Systems in the 4th quarter valued at $28,000. Truvestments Capital LLC purchased a new stake in Aehr Test Systems in the 3rd quarter valued at $36,000. Quarry LP purchased a new stake in Aehr Test Systems in the 3rd quarter valued at $41,000. State of Wyoming purchased a new stake in Aehr Test Systems in the 4th quarter valued at $67,000. Finally, US Bancorp DE purchased a new position in shares of Aehr Test Systems during the 3rd quarter worth $77,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Aehr Test Systems Trading Up 8.3 %

Shares of NASDAQ:AEHR opened at $11.61 on Wednesday. The company has a market capitalization of $344.93 million, a PE ratio of 15.48 and a beta of 1.81. The business has a 50 day moving average of $13.30 and a two-hundred day moving average of $13.30. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $21.44.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. Equities research analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Aehr Test Systems to a “sell” rating in a report on Wednesday, January 22nd.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.