Advantest Co. (OTCMKTS:ATEYY) Short Interest Update

Advantest Co. (OTCMKTS:ATEYY - Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,600 shares, a drop of 98.2% from the September 30th total of 89,500 shares. Based on an average daily volume of 142,100 shares, the short-interest ratio is presently 0.0 days.

Advantest Stock Down 2.6 %

OTCMKTS ATEYY traded down $1.39 on Friday, hitting $51.52. The stock had a trading volume of 60,697 shares, compared to its average volume of 228,748. The business's fifty day moving average price is $46.92 and its 200 day moving average price is $40.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.33 and a quick ratio of 1.71. Advantest has a 52-week low of $23.48 and a 52-week high of $55.00. The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 88.83 and a beta of 1.48.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter. Advantest had a net margin of 14.65% and a return on equity of 18.20%. The business had revenue of $889.88 million for the quarter, compared to analyst estimates of $680.79 million. Equities research analysts anticipate that Advantest will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Advantest to a "strong-buy" rating in a research note on Monday, October 7th.

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.