ASMPT Limited (OTCMKTS:ASMVY) Sees Large Increase in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,133 shares, an increase of 217.4% from the June 30th total of 2,562 shares. Based on an average daily volume of 25,752 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

ASMPT Trading Down 1.9%

Shares of ASMVY opened at $61.57 on Friday. ASMPT has a 1-year low of $23.83 and a 1-year high of $93.58. The company has a 50-day moving average of $72.65 and a 200 day moving average of $54.52.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ASMPT presently has an average rating of “Hold”.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.