Advantest Corp. (OTCMKTS:ATEYY) Sees Significant Drop in Short Interest

Advantest Corp. (OTCMKTS:ATEYY) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 57,163 shares, a drop of 51.1% from the April 15th total of 116,779 shares. Based on an average daily volume of 147,350 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Advantest Price Performance

Shares of OTCMKTS:ATEYY opened at $170.58 on Monday. The company has a market cap of $124.86 billion, a price-to-earnings ratio of 50.17 and a beta of 2.22. The firm’s 50-day simple moving average is $162.73 and its 200-day simple moving average is $150.47. Advantest has a fifty-two week low of $46.97 and a fifty-two week high of $198.32.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, research analysts forecast that Advantest will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATEYY shares. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.