Short Interest in ASM International NV (OTCMKTS:ASMIY) Declines By 60.0%

ASM International NV (OTCMKTS:ASMIY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 600 shares, a drop of 60.0% from the September 30th total of 1,500 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASMIY. Citigroup raised ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd.

ASM International Trading Up 0.1 %

Shares of ASMIY stock opened at $562.86 on Friday. The firm’s fifty day moving average price is $627.89 and its two-hundred day moving average price is $670.41. ASM International has a 1 year low of $400.59 and a 1 year high of $813.23. The firm has a market capitalization of $27.76 billion, a P/E ratio of 47.14 and a beta of 1.64.

ASM International (OTCMKTS:ASMIY) last released its earnings results on Tuesday, July 23rd. The company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.59). ASM International had a net margin of 21.26% and a return on equity of 17.74%. The company had revenue of $760.07 million during the quarter. As a group, equities research analysts forecast that ASM International will post 16.41 EPS for the current fiscal year.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.