ACM Research, Inc. (NASDAQ:ACMR) Short Interest Down 18.9% in May

ACM Research, Inc. (NASDAQ:ACMR) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 3,700,000 shares, a decrease of 18.9% from the April 30th total of 4,560,000 shares. Currently, 9.3% of the shares of the stock are sold short. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is currently 2.1 days.

ACM Research Stock Performance

Shares of ACMR opened at $22.75 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research has a one year low of $13.87 and a one year high of $30.64. The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $20.70. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.23 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACMR. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. began coverage on ACM Research in a research note on Friday, February 28th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 9,518 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the transaction, the director now directly owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chenming Hu sold 163,308 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares in the company, valued at $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 396,576 shares of company stock valued at $10,703,375 over the last 90 days. 25.00% of the stock is owned by insiders.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kerrisdale Advisers LLC lifted its holdings in shares of ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock valued at $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock worth $22,171,000 after acquiring an additional 1,406,968 shares during the last quarter. Panview Capital Ltd purchased a new position in ACM Research in the 4th quarter worth approximately $20,758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock worth $17,738,000 after acquiring an additional 1,097,358 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in ACM Research by 12,871.6% in the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer’s stock worth $25,038,000 after purchasing an additional 1,064,482 shares during the period. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.