Short Interest in Aehr Test Systems (NASDAQ:AEHR) Drops By 5.2%

Aehr Test Systems (NASDAQ:AEHR) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,610,000 shares, a decline of 5.2% from the March 15th total of 5,920,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is currently 3.4 days.

Aehr Test Systems Stock Down 1.3 %

Shares of AEHR stock opened at $11.55 on Tuesday. The firm has a market capitalization of $334.03 million, a price-to-earnings ratio of 22.21 and a beta of 1.98. The stock has a fifty day moving average of $14.83 and a 200 day moving average of $22.23. Aehr Test Systems has a 52 week low of $10.53 and a 52 week high of $54.10.

Insiders Place Their Bets

In related news, CEO Gayn Erickson sold 4,871 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the sale, the chief executive officer now directly owns 427,935 shares in the company, valued at approximately $7,441,789.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,201 shares of company stock valued at $125,225 over the last three months. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Several institutional investors and hedge funds have recently modified their holdings of AEHR. Citigroup Inc. raised its position in shares of Aehr Test Systems by 63.8% in the 1st quarter. Citigroup Inc. now owns 30,628 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 11,927 shares in the last quarter. BlackRock Inc. boosted its position in shares of Aehr Test Systems by 0.9% during the first quarter. BlackRock Inc. now owns 378,123 shares of the semiconductor company’s stock valued at $3,842,000 after purchasing an additional 3,455 shares in the last quarter. Vanguard Group Inc. grew its stake in Aehr Test Systems by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,207,181 shares of the semiconductor company’s stock worth $12,265,000 after purchasing an additional 64,226 shares during the period. Ergoteles LLC bought a new position in Aehr Test Systems in the first quarter worth $117,000. Finally, Northern Trust Corp raised its holdings in Aehr Test Systems by 7.9% in the first quarter. Northern Trust Corp now owns 41,440 shares of the semiconductor company’s stock worth $421,000 after purchasing an additional 3,036 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Craig Hallum reiterated a “hold” rating and set a $12.00 target price on shares of Aehr Test Systems in a report on Tuesday, March 26th. Finally, William Blair restated a “market perform” rating on shares of Aehr Test Systems in a report on Monday, March 25th.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.