Short Interest in Advantest Co. (OTCMKTS:ATEYY) Expands By 9.5%

Advantest Co. (OTCMKTS:ATEYY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,300 shares, a growth of 9.5% from the December 15th total of 2,100 shares. Based on an average daily volume of 109,700 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Advantest to a “strong-buy” rating in a research note on Monday, October 7th.

Advantest Stock Performance

Shares of ATEYY opened at $59.65 on Friday. The business has a 50-day simple moving average of $58.87 and a two-hundred day simple moving average of $50.52. The company has a quick ratio of 1.58, a current ratio of 3.04 and a debt-to-equity ratio of 0.17. Advantest has a 52 week low of $31.52 and a 52 week high of $64.95. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 62.79 and a beta of 1.39.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $1.28 billion during the quarter. Advantest had a net margin of 17.67% and a return on equity of 24.47%. On average, analysts expect that Advantest will post 1.18 EPS for the current year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.