ASM International NV (OTCMKTS:ASMIY) Sees Large Drop in Short Interest

ASM International NV (OTCMKTS:ASMIY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 1,641 shares, a decline of 41.7% from the December 31st total of 2,816 shares. Based on an average daily trading volume, of 10,854 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,854 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several brokerages have issued reports on ASMIY. Jefferies Financial Group lowered ASM International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Rothschild Redb lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Monday. Finally, Citigroup restated a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, ASM International has an average rating of “Buy”.

ASM International Stock Performance

Shares of OTCMKTS ASMIY opened at $852.53 on Friday. The company has a market cap of $41.85 billion, a PE ratio of 47.18 and a beta of 1.87. ASM International has a 52-week low of $372.61 and a 52-week high of $875.64. The firm’s 50 day moving average price is $667.38 and its 200-day moving average price is $598.60.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. ASM International had a return on equity of 21.55% and a net margin of 24.50%.The business had revenue of $932.68 million during the quarter, compared to analyst estimates of $814.93 million. On average, analysts forecast that ASM International will post 14.46 earnings per share for the current fiscal year.

About ASM International

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.