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

Advantest Co. (OTCMKTS:ATEYY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 142,900 shares, a growth of 3,147.7% from the August 15th total of 4,400 shares. Based on an average daily volume of 231,900 shares, the short-interest ratio is currently 0.6 days.

Advantest Stock Up 3.7 %

Shares of Advantest stock traded up $1.58 on Thursday, hitting $44.59. The company had a trading volume of 161,189 shares, compared to its average volume of 254,843. Advantest has a twelve month low of $23.48 and a twelve month high of $49.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.33 and a quick ratio of 1.71. The stock has a 50-day moving average of $41.62 and a 200-day moving average of $39.62. The firm has a market capitalization of $32.91 billion, a P/E ratio of 74.16 and a beta of 1.49.

Advantest (OTCMKTS:ATEYY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter. The company had revenue of $889.88 million for the quarter, compared to analyst estimates of $680.79 million. Advantest had a return on equity of 18.20% and a net margin of 14.65%. Research analysts predict that Advantest will post 0.82 earnings per share for the current 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.