Tokyo Electron Ltd. (OTCMKTS:TOELY) Short Interest Update

Tokyo Electron Ltd. (OTCMKTS:TOELY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 61,623 shares, a decline of 88.7% from the June 30th total of 544,711 shares. Based on an average daily volume of 617,939 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Tokyo Electron Price Performance

Shares of OTCMKTS:TOELY opened at $188.09 on Friday. The business’s 50 day simple moving average is $202.98 and its 200-day simple moving average is $159.16. The firm has a market capitalization of $176.07 billion, a price-to-earnings ratio of 45.54 and a beta of 1.88. Tokyo Electron has a 12 month low of $66.10 and a 12 month high of $249.37.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.