Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Drops By 42.1%

Tokyo Electron Limited (OTCMKTS:TOELY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 42.1% from the February 29th total of 16,400 shares. Based on an average trading volume of 298,800 shares, the short-interest ratio is presently 0.0 days.

Tokyo Electron Stock Performance

Tokyo Electron stock opened at $128.90 on Thursday. The firm has a market capitalization of $121.59 billion, a PE ratio of 32.83 and a beta of 1.50. The firm’s 50 day simple moving average is $113.08 and its 200 day simple moving average is $89.32. Tokyo Electron has a 1-year low of $50.33 and a 1-year high of $134.91.

Tokyo Electron (OTCMKTS:TOELY) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.74 EPS for the quarter. The firm had revenue of $3.14 billion for the quarter. Research analysts forecast that Tokyo Electron will post 2.29 earnings per share for the current year.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.