ASM International NV (OTCMKTS:ASMIY) Sees Large Decline in Short Interest

ASM International NV (OTCMKTS:ASMIY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 903 shares, a decline of 67.2% from the June 30th total of 2,751 shares. Based on an average daily volume of 64,053 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ASM International Price Performance

Shares of OTCMKTS ASMIY opened at $969.53 on Monday. The firm has a market cap of $47.39 billion, a PE ratio of 41.40 and a beta of 1.99. The company’s fifty day simple moving average is $1,065.91 and its 200 day simple moving average is $924.61. ASM International has a 12-month low of $463.86 and a 12-month high of $1,248.72.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ASMIY. Zacks Research lowered ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Citigroup reiterated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Friday, July 10th. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.