Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Expands By 238.5%

Advantest Corp. (OTCMKTS:ATEYY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 41,602 shares, an increase of 238.5% from the June 15th total of 12,291 shares. Based on an average daily volume of 375,881 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Advantest Stock Performance

ATEYY opened at $186.31 on Monday. The company has a market capitalization of $136.38 billion, a PE ratio of 54.80 and a beta of 2.10. The stock’s fifty day moving average is $180.17 and its 200-day moving average is $164.20. Advantest has a one year low of $64.91 and a one year high of $222.45.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The firm had revenue of $2.09 billion for the quarter. On average, equities research analysts forecast that Advantest will post 4.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.