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Shares of Ultra Clean Holdings (NASDAQ:UCTT) were the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,368,156 shares, a growth of 51.5% from the March 31st total of 902,814 shares, StockRatingsNetwork reports. Currently, 5.4% of the shares of the company are sold short. Based on an average daily trading volume, of 401,234 shares, the days-to-cover ratio is currently 3.4 days.

A number of analysts have recently weighed in on UCTT shares. Analysts at Standpoint Research initiated coverage on shares of Ultra Clean Holdings in a research note on Thursday. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Roth Capital downgraded shares of Ultra Clean Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $12.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Ultra Clean Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $14.20 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.41.

Ultra Clean Holdings (NASDAQ:UCTT) opened at 8.38 on Monday. Ultra Clean Holdings has a 52-week low of $5.50 and a 52-week high of $15.00. The stock’s 50-day moving average is $12.22 and its 200-day moving average is $11.08. The company has a market cap of $242.0 million and a P/E ratio of 14.17.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $144.20 million for the quarter, compared to the consensus estimate of $137.47 million. During the same quarter last year, the company posted $0.04 earnings per share. Ultra Clean Holdings’s revenue was up 43.5% compared to the same quarter last year. Analysts expect that Ultra Clean Holdings will post $0.86 EPS for the current fiscal year.

Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.

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