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

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 316 shares, a decline of 63.7% from the September 30th total of 870 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,881 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

ASMPT Trading Down 7.3%

OTCMKTS:ASMVY traded down $3.11 on Friday, hitting $39.50. The stock had a trading volume of 1,756 shares, compared to its average volume of 23,197. The business’s 50-day simple moving average is $59.25 and its two-hundred day simple moving average is $56.78. ASMPT has a 52-week low of $27.25 and a 52-week high of $93.58.

About ASMPT

ASMPT Limited, formerly known as ASM Pacific Technology Limited, is a Hong Kong-based supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves customers across the semiconductor assembly and packaging, surface-mount technology (SMT), and electronics production industries.

Its Semiconductor Solutions business provides equipment for processes such as die bonding, wire bonding, advanced packaging, and other semiconductor assembly applications.