ASMPT Limited (OTCMKTS:ASMVY) Sees Significant Drop in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 270 shares, a decline of 90.3% from the March 31st total of 2,796 shares. Based on an average daily volume of 268,839 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

ASMPT Price Performance

ASMVY opened at $63.51 on Friday. ASMPT has a 52-week low of $19.12 and a 52-week high of $64.17. The stock’s 50 day moving average price is $43.51 and its 200-day moving average price is $36.84.

Wall Street Analyst Weigh In

Separately, Zacks Research raised ASMPT to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.