Advantest Corp. (OTCMKTS:ATEYY) Sees Large Growth in Short Interest

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 66,400 shares, agrowthof85.0% from the July 15th total of 35,900 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 406,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 406,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately0.0% of the shares of the stock are short sold.

Advantest Trading Up 0.2%

Shares of ATEYY opened at $76.67 on Monday. The stock has a fifty day moving average price of $71.42 and a two-hundred day moving average price of $57.24. Advantest has a 52-week low of $33.70 and a 52-week high of $81.86.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.85 earnings per share (EPS) for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. The firm had revenue of $1.83 billion during the quarter. Analysts expect that Advantest will post 1.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research report on Friday, August 8th.

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.