Tokyo Electron Ltd. (OTCMKTS:TOELY) Sees Significant Growth in Short Interest

Tokyo Electron Ltd. (OTCMKTS:TOELY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 388,512 shares, a growth of 167.1% from the May 31st total of 145,440 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,011,064 shares, the days-to-cover ratio is presently 0.4 days.

Tokyo Electron Stock Performance

OTCMKTS TOELY opened at $228.91 on Monday. Tokyo Electron has a 1-year low of $66.10 and a 1-year high of $248.00. The firm’s fifty day simple moving average is $177.59 and its 200-day simple moving average is $143.93. The company has a market capitalization of $214.28 billion, a PE ratio of 55.43 and a beta of 1.95.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Tokyo Electron presently has a consensus rating of “Strong Buy”.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.