Aehr Test Systems (NASDAQ:AEHR) Sees Significant Growth in Short Interest

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,250,000 shares, a growth of 15.1% from the October 15th total of 5,430,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 5.4 days.

Analyst Ratings Changes

Separately, StockNews.com lowered Aehr Test Systems from a "hold" rating to a "sell" rating in a research note on Saturday, October 5th.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Aehr Test Systems by 33.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,683 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 6,150 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Aehr Test Systems by 39.0% in the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company's stock worth $26,012,000 after acquiring an additional 588,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Aehr Test Systems by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company's stock valued at $199,000 after purchasing an additional 961 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Aehr Test Systems by 4.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 148,431 shares of the semiconductor company's stock valued at $1,841,000 after purchasing an additional 6,414 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Aehr Test Systems during the 1st quarter valued at approximately $1,136,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Aehr Test Systems Price Performance

AEHR stock traded down $0.45 during midday trading on Friday, reaching $10.78. 1,070,672 shares of the company's stock traded hands, compared to its average volume of 1,373,550. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $30.50. The business has a 50-day moving average price of $13.31 and a two-hundred day moving average price of $13.42. The company has a market capitalization of $319.41 million, a P/E ratio of 11.00 and a beta of 2.03.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. The business had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. As a group, research analysts forecast that Aehr Test Systems will post 0.22 earnings per share for the current fiscal year.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.