ACM Research, Inc. (NASDAQ:ACMR) Short Interest Down 16.7% in January

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 3,490,000 shares, a drop of 16.7% from the January 15th total of 4,190,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACMR. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and reduced their target price for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

Insiders Place Their Bets

In related news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now directly owns 100,002 shares in the company, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 150,098 shares of company stock valued at $2,886,117 in the last 90 days. 31.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently bought and sold shares of ACMR. Vanguard Group Inc. grew its position in ACM Research by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock worth $63,441,000 after buying an additional 67,255 shares in the last quarter. Kerrisdale Advisers LLC boosted its position in shares of ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock valued at $29,415,000 after acquiring an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of ACM Research by 2,258.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock worth $22,171,000 after purchasing an additional 1,406,968 shares in the last quarter. Panview Capital Ltd bought a new position in shares of ACM Research in the fourth quarter worth approximately $20,758,000. Finally, Pertento Partners LLP raised its stake in ACM Research by 22.3% in the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock valued at $17,894,000 after purchasing an additional 215,744 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $23.78 on Friday. The stock has a fifty day moving average of $17.61 and a 200-day moving average of $18.14. ACM Research has a fifty-two week low of $13.87 and a fifty-two week high of $34.40. The stock has a market cap of $1.37 billion, a PE ratio of 18.02 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.