Advantest Corp. (OTCMKTS:ATEYY) Sees Large Increase in Short Interest

Advantest Corp. (OTCMKTS:ATEYY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 98,664 shares, an increase of 78.8% from the August 31st total of 55,168 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 143,995 shares, the days-to-cover ratio is currently 0.7 days.

Advantest Stock Up 3.4%

ATEYY opened at $223.36 on Wednesday. The stock has a market cap of $163.50 billion, a PE ratio of 55.01 and a beta of 2.12. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. Advantest has a 52 week low of $98.06 and a 52 week high of $240.89. The business’s fifty day simple moving average is $207.90 and its 200 day simple moving average is $184.29.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The business had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. As a group, research analysts expect that Advantest will post 6.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Advantest Company Profile

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.