Short Interest in ASMPT Limited (OTCMKTS:ASMVY) Rises By 217.4%

ASMPT Limited (OTCMKTS:ASMVY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,133 shares, a growth of 217.4% from the June 30th total of 2,562 shares. Based on an average daily trading volume, of 25,752 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ASMPT Stock Performance

Shares of OTCMKTS:ASMVY opened at $61.57 on Monday. The company has a 50-day moving average price of $72.65 and a two-hundred day moving average price of $54.68. ASMPT has a twelve month low of $23.83 and a twelve month high of $93.58.

About ASMPT

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.