Camtek Sees Significant Increase in Short Interest (CAMT)
Shares of Camtek (NASDAQ:CAMT) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 824,605 shares, an increase of 20.8% from the July 31st total of 682,427 shares, AmericanBankingNews.com reports. Currently, 6.3% of the company’s shares are sold short. Based on an average daily trading volume, of 318,925 shares, the days-to-cover ratio is currently 2.6 days.
Separately, analysts at B. Riley reiterated a “buy” rating on shares of Camtek in a research note on Wednesday, July 30th. They now have a $5.00 price target on the stock, up previously from $4.50.
Camtek (NASDAQ:CAMT) opened at 4.26 on Thursday. Camtek has a 52-week low of $1.60 and a 52-week high of $6.43. The stock has a 50-day moving average of $3.75 and a 200-day moving average of $3.5. The company has a market cap of $129.8 million and a P/E ratio of 39.52.
Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.04. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $23.15 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. On average, analysts predict that Camtek will post $0.16 earnings per share for the current fiscal year.
Camtek Limited (NASDAQ:CAMT) designs, develops, manufactures and markets automated optical inspection (AOI), systems and related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.