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

Advantest Co. (OTCMKTS:ATEYY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 2,300 shares, an increase of 9.5% from the December 15th total of 2,100 shares. Based on an average trading volume of 109,700 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Advantest Trading Up 0.7 %

OTCMKTS:ATEYY opened at $59.65 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 3.04. The company has a market capitalization of $44.02 billion, a P/E ratio of 62.79 and a beta of 1.39. The stock’s 50 day moving average price is $58.87 and its 200 day moving average price is $50.45. Advantest has a 52 week low of $31.52 and a 52 week high of $64.95.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $1.28 billion for the quarter. Advantest had a net margin of 17.67% and a return on equity of 24.47%. On average, research analysts forecast that Advantest will post 1.18 EPS for the current fiscal year.

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.