Tokyo Electron Ltd. (OTCMKTS:TOELY) Short Interest Down 88.7% in July

Tokyo Electron Ltd. (OTCMKTS:TOELY) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 61,623 shares, a drop of 88.7% from the June 30th total of 544,711 shares. Based on an average daily volume of 617,939 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Tokyo Electron presently has a consensus rating of “Strong Buy”.

Tokyo Electron Price Performance

Shares of TOELY stock opened at $188.09 on Monday. The firm’s 50-day moving average is $202.98 and its two-hundred day moving average is $159.44. Tokyo Electron has a 12 month low of $66.10 and a 12 month high of $249.37. The company has a market capitalization of $176.06 billion, a PE ratio of 45.54 and a beta of 1.88.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.