ACM Research, Inc. (NASDAQ:ACMR) Short Interest Update

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,041,416 shares, a drop of 15.4% from the January 15th total of 3,596,723 shares. Based on an average trading volume of 1,331,573 shares, the short-interest ratio is currently 2.3 days. Approximately 6.8% of the shares of the stock are short sold. Approximately 6.8% of the shares of the stock are short sold. Based on an average trading volume of 1,331,573 shares, the short-interest ratio is currently 2.3 days.

ACM Research Stock Up 1.2%

Shares of NASDAQ ACMR opened at $64.84 on Monday. The stock has a market cap of $3.88 billion, a PE ratio of 37.70 and a beta of 1.48. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. ACM Research has a 12-month low of $16.82 and a 12-month high of $71.65. The company has a 50-day moving average of $48.89 and a 200 day moving average of $38.79.

Insider Activity

In other ACM Research news, insider Fuping Chen sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total value of $3,320,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. The trade was a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 250,000 shares of company stock valued at $8,342,600. 25.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of ACM Research by 266.7% during the 4th 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 purchased a new stake in shares of ACM Research in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp increased 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 worth $29,000 after purchasing an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised 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 purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ACMR shares. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.