Short Interest in Advantest Co. (OTCMKTS:ATEYY) Increases By 59.5%

Advantest Co. (OTCMKTS:ATEYY – Get Rating) was the target of a large growth in short interest in December. As of December 30th, there was short interest totalling 6,700 shares, a growth of 59.5% from the December 15th total of 4,200 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is currently 0.4 days.

Advantest Stock Performance

Shares of OTCMKTS ATEYY opened at $74.26 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.04 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $67.27 and its two-hundred day simple moving average is $58.85. Advantest has a 12-month low of $45.24 and a 12-month high of $87.28.

Advantest (OTCMKTS:ATEYY – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.43. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Advantest had a return on equity of 39.19% and a net margin of 24.39%. Equities analysts expect that Advantest will post 5.12 EPS for the current year.

Advantest Company Profile

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Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through three segments: Semiconductor and Component Test System; Mechatronics System; and Services, Support and Others. The Semiconductor and Component Test System segment provides customers with test system products for the semiconductor industry and the electronic parts industry.