ASMPT Limited (OTCMKTS:ASMVY) Sees Significant Drop in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 870 shares, a decrease of 64.4% from the September 15th total of 2,444 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,606 shares, the short-interest ratio is currently 0.1 days.

ASMPT Stock Performance

Shares of OTCMKTS ASMVY opened at $60.76 on Tuesday. The stock’s 50-day simple moving average is $63.00 and its two-hundred day simple moving average is $63.55. ASMPT has a twelve month low of $27.25 and a twelve month high of $93.58.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.