Short Interest in ASM International NV (OTCMKTS:ASMIY) Grows By 500.0%

ASM International NV (OTCMKTS:ASMIY) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 4,200 shares, a growth of 500.0% from the December 15th total of 700 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several analysts recently issued reports on ASMIY shares. Citigroup raised ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd. BNP Paribas initiated coverage on ASM International in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $561.00 price objective on the stock. Finally, Berenberg Bank raised ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd.

ASM International Price Performance

OTCMKTS:ASMIY opened at $608.29 on Wednesday. ASM International has a 1 year low of $485.01 and a 1 year high of $813.23. The stock’s 50 day simple moving average is $562.39 and its two-hundred day simple moving average is $620.17. The company has a market cap of $29.86 billion, a price-to-earnings ratio of 50.31 and a beta of 1.60.

ASM International (OTCMKTS:ASMIY) last announced its earnings results on Tuesday, October 29th. The company reported $2.98 EPS for the quarter, missing analysts’ consensus estimates of $4.21 by ($1.23). The company had revenue of $855.69 million during the quarter. ASM International had a return on equity of 17.38% and a net margin of 19.98%. As a group, analysts anticipate that ASM International will post 14.46 EPS for the current year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.