Short Interest in Aehr Test Systems (NASDAQ:AEHR) Increases By 15.1%

Aehr Test Systems (NASDAQ:AEHR) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 6,250,000 shares, an increase of 15.1% from the October 15th total of 5,430,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 5.4 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Hedge Funds Weigh In On Aehr Test Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth $25,000. Truvestments Capital LLC acquired a new position in Aehr Test Systems during the 3rd quarter worth $36,000. Quarry LP purchased a new stake in Aehr Test Systems during the 3rd quarter worth about $41,000. Quest Partners LLC acquired a new stake in Aehr Test Systems in the 2nd quarter valued at about $47,000. Finally, US Bancorp DE purchased a new position in shares of Aehr Test Systems in the 3rd quarter valued at about $77,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Down 4.0 %

Shares of NASDAQ AEHR opened at $10.78 on Friday. The stock has a market capitalization of $319.41 million, a price-to-earnings ratio of 11.00 and a beta of 2.03. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $30.50. The firm has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.42.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. The company had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. As a group, equities research analysts expect that Aehr Test Systems will post 0.22 EPS for the current year.

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.