ACM Research, Inc. (NASDAQ:ACMR) Short Interest Down 15.4% in January

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 3,041,416 shares, a drop of 15.4% from the January 15th total of 3,596,723 shares. Based on an average daily volume of 1,331,573 shares, the days-to-cover ratio is presently 2.3 days. Approximately 6.8% of the company’s shares are sold short. Approximately 6.8% of the company’s shares are sold short. Based on an average daily volume of 1,331,573 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACMR. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Finally, Roth Mkm restated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Price Performance

ACM Research stock opened at $64.84 on Tuesday. The business’s 50 day simple moving average is $49.45 and its 200 day simple moving average is $39.03. ACM Research has a 12 month low of $16.82 and a 12 month high of $71.65. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 1.48. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10.

Insider Activity at ACM Research

In other news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. This represents a 8.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Fuping Chen sold 100,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 250,000 shares of company stock valued at $8,342,600. Company insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACMR. Farther Finance Advisors LLC boosted its position in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the period. Hantz Financial Services Inc. boosted its holdings in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG purchased a new position in shares of ACM Research during the 4th quarter valued at $28,000. Jones Financial Companies Lllp increased its stake in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.