Advanced Semiconductor Engineering Sees Significant Growth in Short Interest (ASX)
Advanced Semiconductor Engineering (NYSE:ASX) was the target of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 2,068,762 shares, an increase of 47.3% from the May 15th total of 1,404,449 shares, AnalystRatings.NET reports. Based on an average daily volume of 824,444 shares, the short-interest ratio is currently 2.5 days. Approximately 0.0% of the shares of the company are short sold.
A number of analysts have recently weighed in on ASX shares. Analysts at Credit Agricole upgraded shares of Advanced Semiconductor Engineering from an “outperform” rating to a “buy” rating in a research note on Monday, April 28th. Analysts at Societe Generale upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Advanced Semiconductor Engineering presently has an average rating of “Buy”.
Advanced Semiconductor Engineering (NYSE:ASX) opened at 6.35 on Wednesday. Advanced Semiconductor Engineering has a 52 week low of $3.96 and a 52 week high of $6.66. The stock’s 50-day moving average is $6.25 and its 200-day moving average is $5.37. The company has a market cap of $9.704 billion and a price-to-earnings ratio of 18.08.
Advanced Semiconductor Engineering, Inc is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (NYSE:ASX).
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