Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Grows By 47.6%

Tokyo Electron Limited (OTCMKTS:TOELYGet Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 66,700 shares, an increase of 47.6% from the March 15th total of 45,200 shares. Based on an average daily volume of 87,300 shares, the days-to-cover ratio is currently 0.8 days.

Separately, Zacks Investment Research upgraded shares of Tokyo Electron from a “sell” rating to a “hold” rating in a research report on Saturday, February 19th.

TOELY stock opened at $109.59 on Friday. Tokyo Electron has a one year low of $96.86 and a one year high of $149.47. The company’s fifty day moving average price is $119.95 and its 200-day moving average price is $124.69.

About Tokyo Electron (Get Rating)

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally. The company's Semiconductor Production Equipment segment offers coaters/developers, etch systems, deposition systems, and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and wafer bonders/debonders.

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