Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Expands By 232.8%

Advantest Corp. (OTCMKTS:ATEYY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 82,741 shares, an increase of 232.8% from the July 15th total of 24,861 shares. Based on an average daily volume of 222,372 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATEYY. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Advantest presently has an average rating of “Buy”.

Advantest Stock Up 3.6%

ATEYY opened at $222.78 on Thursday. Advantest has a 52-week low of $69.87 and a 52-week high of $225.00. The company has a 50 day moving average of $186.35 and a two-hundred day moving average of $173.11. The company has a market cap of $163.07 billion, a P/E ratio of 54.87 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. The business had revenue of $2.31 billion for the quarter. Research analysts anticipate that Advantest will post 4.95 earnings per share for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.