ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Stock Short Interest Rises 329.2%

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 27,715 shares, an increase of 329.2% from the September 30th total of 6,457 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised ASX from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, ASX currently has an average rating of “Moderate Buy” and an average target price of $57.00.

ASX Stock Performance

OTCMKTS ASXFY opened at $45.70 on Wednesday. ASX has a 12 month low of $32.12 and a 12 month high of $46.24. The company’s 50-day moving average price is $41.28 and its 200-day moving average price is $38.85.

ASX Company Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc (ASE) and Siliconware Precision Industries Co, Ltd. (SPIL), the company provides outsourced semiconductor assembly and test (OSAT) services to chip manufacturers and electronics companies.

Its services include wafer probing, wafer bumping, chip assembly, packaging, final testing and electronic manufacturing services.