Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 63.7% in December

Advantest Corp. (OTCMKTS:ATEYY) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 30,528 shares, a decrease of 63.7% from the November 30th total of 84,016 shares. Based on an average daily volume of 105,539 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 105,539 shares, the days-to-cover ratio is presently 0.3 days.

Advantest Stock Performance

OTCMKTS ATEYY opened at $128.95 on Friday. The stock’s 50 day simple moving average is $128.17 and its 200-day simple moving average is $98.72. Advantest has a 1-year low of $33.70 and a 1-year high of $152.70.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.74 EPS for the quarter. The firm had revenue of $1.78 billion for the quarter. As a group, sell-side analysts forecast that Advantest will post 1.61 EPS for the current year.

Analyst Upgrades and Downgrades

ATEYY has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research cut shares of Advantest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Advantest currently has an average rating of “Hold”.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.