Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Declines By 56.3%

Advantest Corp. (OTCMKTS:ATEYY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 12,291 shares, a drop of 56.3% from the May 31st total of 28,109 shares. Based on an average daily volume of 180,382 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Advantest Price Performance

Shares of Advantest stock opened at $200.74 on Monday. The stock’s fifty day moving average is $178.88 and its two-hundred day moving average is $160.03. The company has a market capitalization of $146.94 billion, a PE ratio of 59.04 and a beta of 2.14. Advantest has a 52 week low of $64.91 and a 52 week high of $222.45.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. The business had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. As a group, research analysts anticipate that Advantest will post 4.95 earnings per share for the current 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.