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

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 3,800 shares, a decrease of 86.5% from the October 31st total of 28,200 shares. Based on an average daily trading volume, of 225,100 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Advantest to a “strong-buy” rating in a research note on Monday, October 7th.

Advantest Trading Down 3.1 %

Shares of OTCMKTS ATEYY opened at $55.30 on Thursday. The stock’s 50 day moving average price is $54.27 and its two-hundred day moving average price is $44.60. Advantest has a 52-week low of $28.32 and a 52-week high of $64.95. The stock has a market capitalization of $40.81 billion, a P/E ratio of 58.21 and a beta of 1.45. The company has a quick ratio of 1.58, a current ratio of 3.04 and a debt-to-equity ratio of 0.17.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion for the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. On average, analysts anticipate that Advantest will post 1.16 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.