Short Interest in Advantest Co. (OTCMKTS:ATEYY) Declines By 86.5%

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a large decrease in short interest during the month of 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 trading volume of 225,100 shares, the days-to-cover ratio is presently 0.0 days.

Advantest Stock Down 3.1 %

Shares of OTCMKTS ATEYY traded down $1.75 during mid-day trading on Friday, reaching $55.30. The company had a trading volume of 58,727 shares, compared to its average volume of 94,577. Advantest has a 52-week low of $28.32 and a 52-week high of $64.95. The company has a current ratio of 3.04, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The stock has a market cap of $40.81 billion, a P/E ratio of 58.21 and a beta of 1.45. The firm has a 50 day simple moving average of $54.47 and a two-hundred day simple moving average of $44.68.

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

Wall Street Analysts Forecast Growth

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

About Advantest

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.