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

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,606 shares, an increase of 71.2% from the August 15th total of 1,522 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,303 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, ASMPT has a consensus rating of “Strong Buy”.

ASMPT Price Performance

Shares of OTCMKTS:ASMVY opened at $58.89 on Wednesday. The company’s fifty day moving average is $63.06 and its two-hundred day moving average is $60.57. ASMPT has a 1-year low of $27.25 and a 1-year high of $93.58.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.