Advantest Co. (OTCMKTS:ATEYY) Short Interest Up 128.4% in March

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 128.4% from the February 28th total of 6,700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 410,900 shares, the short-interest ratio is currently 0.0 days.

Advantest Price Performance

Shares of ATEYY stock opened at $47.36 on Friday. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 38.82 and a beta of 1.34. Advantest has a 12 month low of $31.52 and a 12 month high of $65.40. The company has a quick ratio of 1.78, a current ratio of 2.94 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $56.87 and a 200 day moving average price of $55.63.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.46 EPS for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. Research analysts expect that Advantest will post 1.61 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein lowered Advantest from a “strong-buy” rating to a “market perform” rating in a research report on Monday.

About Advantest

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.