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

Advantest Co. (OTCMKTS:ATEYY) saw a large growth in short interest in 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 trading volume, of 109,700 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Advantest Price Performance

ATEYY stock opened at $59.65 on Monday. The company has a 50 day simple moving average of $58.87 and a 200 day simple moving average of $50.58. 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 has a 1 year low of $31.52 and a 1 year high of $64.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.04 and a quick ratio of 1.58.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The business 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%. Research analysts anticipate that Advantest will post 1.18 EPS for the current fiscal 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.