Aehr Test Systems (NASDAQ:AEHR) Short Interest Down 5.2% in March

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,610,000 shares, a decrease of 5.2% from the March 15th total of 5,920,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the short-interest ratio is currently 3.4 days.

Aehr Test Systems Price Performance

Shares of AEHR stock opened at $11.15 on Thursday. The company has a market cap of $322.46 million, a price-to-earnings ratio of 21.44 and a beta of 1.97. The stock has a 50 day simple moving average of $14.68 and a 200-day simple moving average of $21.91. Aehr Test Systems has a 1-year low of $10.53 and a 1-year high of $54.10.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Aehr Test Systems by 1.1% during the 2nd quarter. Royal Bank of Canada now owns 45,431 shares of the semiconductor company’s stock worth $1,874,000 after buying an additional 477 shares during the period. IFP Advisors Inc raised its stake in shares of Aehr Test Systems by 141.3% during the 3rd quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company’s stock worth $38,000 after buying an additional 482 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Aehr Test Systems by 93.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock worth $48,000 after buying an additional 558 shares during the period. Swiss National Bank raised its stake in shares of Aehr Test Systems by 1.0% during the 3rd quarter. Swiss National Bank now owns 59,200 shares of the semiconductor company’s stock worth $2,705,000 after buying an additional 600 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Aehr Test Systems by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211 shares of the semiconductor company’s stock worth $377,000 after buying an additional 613 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEHR has been the subject of a number of analyst reports. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Craig Hallum reissued a “hold” rating and issued a $12.00 price target on shares of Aehr Test Systems in a report on Tuesday, March 26th. Finally, William Blair reissued a “market perform” rating on shares of Aehr Test Systems in a report on Monday, March 25th.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.