ASMPT Limited (OTCMKTS:ASMVY) Sees Large Increase in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 8,133 shares, a growth of 217.4% from the June 30th total of 2,562 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 25,752 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

ASMPT Price Performance

Shares of ASMVY stock opened at $61.57 on Friday. The company’s 50 day moving average is $72.65 and its 200 day moving average is $54.52. ASMPT has a 52-week low of $23.83 and a 52-week high of $93.58.

About ASMPT

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.