ACM Research, Inc. (NASDAQ:ACMR) Short Interest Up 20.0% in February

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 3,651,167 shares, an increase of 20.0% from the January 29th total of 3,041,416 shares. Based on an average daily trading volume, of 1,826,791 shares, the days-to-cover ratio is currently 2.0 days. Currently, 8.1% of the shares of the stock are short sold. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,826,791 shares, the days-to-cover ratio is currently 2.0 days.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the completion of the transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in shares of ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. boosted its holdings in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new position in ACM Research in the fourth quarter valued at $28,000. Jones Financial Companies Lllp grew its position in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Down 9.8%

Shares of NASDAQ:ACMR opened at $51.54 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 37.62 and a beta of 1.49. The stock’s 50-day moving average price is $54.62 and its two-hundred day moving average price is $41.83. ACM Research has a 12-month low of $16.82 and a 12-month high of $71.65.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ACMR shares. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday. Roth Mkm reiterated a “buy” rating and set a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.