ASM International NV (OTCMKTS:ASMIY) Sees Significant Increase in Short Interest

ASM International NV (OTCMKTS:ASMIY - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,200 shares, an increase of 100.0% from the October 15th total of 600 shares. Based on an average daily volume of 10,000 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on ASMIY. Citigroup raised ASM International to a "strong-buy" rating in a report on Wednesday, October 2nd. Berenberg Bank raised ASM International to a "strong-buy" rating in a report on Wednesday, October 2nd.

ASM International Price Performance

OTCMKTS ASMIY traded down $11.01 on Wednesday, reaching $546.85. 4,365 shares of the company's stock traded hands, compared to its average volume of 6,581. The stock has a market cap of $26.97 billion, a PE ratio of 45.23 and a beta of 1.66. ASM International has a 12 month low of $465.65 and a 12 month high of $813.23. The stock has a 50-day simple moving average of $600.39 and a 200 day simple moving average of $665.73.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $2.98 EPS for the quarter, missing analysts' consensus estimates of $4.21 by ($1.23). ASM International had a return on equity of 17.38% and a net margin of 19.98%. The business had revenue of $855.69 million during the quarter. As a group, analysts anticipate that ASM International will post 14.46 EPS for the current year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company's products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.