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Ultra Clean Holdings (NASDAQ:UCTT) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 956,507 shares, a decrease of 37.3% from the April 30th total of 1,525,386 shares, StockRatingsNetwork.com reports. Approximately 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 426,192 shares, the short-interest ratio is presently 2.2 days.

A number of research firms have recently commented on UCTT. Analysts at Standpoint Research initiated coverage on shares of Ultra Clean Holdings in a research note on Thursday, May 1st. 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.41.

Ultra Clean Holdings (NASDAQ:UCTT) opened at 8.26 on Thursday. Ultra Clean Holdings has a one year low of $5.53 and a one year high of $15.00. The stock has a 50-day moving average of $9.02 and a 200-day moving average of $11.0. The company has a market cap of $238.5 million and a P/E ratio of 13.39.

Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings data on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 43.5% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings will post $0.86 earnings per share 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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