ASMPT Limited (OTCMKTS:ASMVY) Sees Significant Growth in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 6,889 shares, a growth of 690.9% from the April 30th total of 871 shares. Based on an average daily volume of 57,641 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

ASMPT Stock Performance

ASMPT stock opened at $77.77 on Thursday. The firm’s fifty day moving average price is $54.32 and its 200-day moving average price is $41.90. ASMPT has a fifty-two week low of $19.94 and a fifty-two week high of $81.00.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

About ASMPT

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.