Advantest Corp. (OTCMKTS:ATEYY) Short Interest Update

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 21,560 shares, a decrease of 62.3% from the April 30th total of 57,163 shares. Based on an average trading volume of 158,619 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATEYY. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Advantest presently has a consensus rating of “Moderate Buy”.

Advantest Price Performance

Shares of OTCMKTS ATEYY opened at $165.65 on Monday. The stock’s fifty day moving average price is $165.90 and its two-hundred day moving average price is $152.59. Advantest has a one year low of $49.10 and a one year high of $198.32. The firm has a market cap of $121.26 billion, a price-to-earnings ratio of 48.72 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The firm had revenue of $2.09 billion for the quarter. On average, equities analysts anticipate that Advantest will post 4.64 earnings per share for the current fiscal year.

Advantest Company Profile

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.