ASMPT Limited (OTCMKTS:ASMVY) Stock Short Interest Climbs 2,283.2%

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 7,531 shares, an increase of 2,283.2% from the October 15th total of 316 shares. Based on an average trading volume of 22,249 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

ASMPT Trading Down 2.8%

OTCMKTS:ASMVY traded down $1.03 during mid-day trading on Tuesday, hitting $36.30. The company had a trading volume of 33,617 shares, compared to its average volume of 24,108. ASMPT has a fifty-two week low of $27.25 and a fifty-two week high of $93.58. The business’s fifty day moving average is $55.56 and its two-hundred day moving average is $56.84.

ASMPT Company Profile

ASMPT is a global provider of equipment and software used to manufacture semiconductors and electronic products. Founded in 1975 as ASM Pacific Technology, the company is headquartered in Singapore and serves customers around the world. Its Semiconductor Solutions business supplies equipment for processes including die bonding, wire bonding, packaging and assembly. These tools support the production of components used in a range of electronic devices and applications. ASMPT also provides surface-mount technology (SMT) solutions for assembling circuit boards, including component placement, printing and inspection equipment, along with related software and services.