Short Interest in ASM International NV (OTCMKTS:ASMIY) Increases By 200.0%

ASM International NV (OTCMKTS:ASMIY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,500 shares, an increase of 200.0% from the September 15th total of 500 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

ASMIY has been the subject of several analyst reports. Morgan Stanley upgraded shares of ASM International from an “equal weight” rating to an “overweight” rating in a report on Thursday, June 20th. Citigroup raised ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Berenberg Bank upgraded shares of ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd.

ASM International Trading Down 4.4 %

Shares of ASMIY stock opened at $626.00 on Friday. The stock has a market capitalization of $30.88 billion, a P/E ratio of 52.43 and a beta of 1.64. The firm’s 50 day moving average is $639.42 and its 200 day moving average is $674.03. ASM International has a 12-month low of $375.35 and a 12-month high of $813.23.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, July 23rd. The company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.59). ASM International had a net margin of 21.26% and a return on equity of 17.74%. The firm had revenue of $760.07 million during the quarter. As a group, equities analysts predict that ASM International will post 16.41 earnings per share for the current year.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company's products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.