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

Advantest Co. (OTCMKTS:ATEYY - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 128.4% from the February 28th total of 6,700 shares. Based on an average trading volume of 410,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein lowered shares of Advantest from a "strong-buy" rating to a "market perform" rating in a research report on Monday, March 24th.

Advantest Stock Performance

ATEYY stock traded down $1.23 during trading on Monday, reaching $44.00. 205,192 shares of the stock were exchanged, compared to its average volume of 145,377. The stock has a 50 day simple moving average of $56.27 and a 200-day simple moving average of $55.84. The company has a current ratio of 2.94, a quick ratio of 1.78 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $32.47 billion, a P/E ratio of 36.07 and a beta of 1.34. Advantest has a twelve month low of $31.52 and a twelve month high of $65.40.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.46 earnings per share (EPS) for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. As a group, sell-side analysts anticipate that Advantest will post 1.61 earnings per share for the current 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.