Aehr Test Systems (NASDAQ:AEHR) Sees Large Decline in Short Interest

Aehr Test Systems (NASDAQ:AEHR) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,550,000 shares, a decline of 6.3% from the January 15th total of 6,990,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 5.3 days.

Aehr Test Systems Stock Up 2.1 %

Shares of NASDAQ:AEHR opened at $10.72 on Monday. The stock has a market cap of $318.49 million, a P/E ratio of 14.29 and a beta of 1.81. The business’s 50 day moving average is $13.34 and its 200 day moving average is $13.34. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $21.44.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. On average, sell-side analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Aehr Test Systems to a “sell” rating in a research note on Wednesday, January 22nd.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in Aehr Test Systems by 8.4% in the 4th quarter. Northern Trust Corp now owns 250,336 shares of the semiconductor company’s stock worth $4,163,000 after buying an additional 19,401 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Aehr Test Systems by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,716 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 4,772 shares during the period. Mirabella Financial Services LLP acquired a new stake in Aehr Test Systems in the 4th quarter valued at about $1,548,000. Dimensional Fund Advisors LP grew its position in shares of Aehr Test Systems by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company’s stock worth $2,283,000 after buying an additional 2,365 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Aehr Test Systems in the fourth quarter worth approximately $467,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.