Aehr Test Systems (NASDAQ:AEHR) Sees Significant Decrease in Short Interest

Aehr Test Systems (NASDAQ:AEHR) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 5,810,000 shares, a drop of 10.3% from the May 31st total of 6,480,000 shares. Based on an average daily volume of 991,800 shares, the short-interest ratio is presently 5.9 days.

Aehr Test Systems Stock Down 3.5 %

Aehr Test Systems stock traded down $0.39 during trading on Tuesday, hitting $10.71. The stock had a trading volume of 625,508 shares, compared to its average volume of 1,278,378. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $54.10. The stock’s 50 day moving average is $11.72 and its two-hundred day moving average is $15.15. The stock has a market cap of $309.73 million, a price-to-earnings ratio of 20.60 and a beta of 2.08.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Tuesday, April 9th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $7.56 million for the quarter, compared to analysts’ expectations of $7.60 million. Aehr Test Systems had a net margin of 21.43% and a return on equity of 18.70%. As a group, equities research analysts anticipate that Aehr Test Systems will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AEHR. Rhumbline Advisers grew its stake in shares of Aehr Test Systems by 2.0% during the third quarter. Rhumbline Advisers now owns 37,967 shares of the semiconductor company’s stock valued at $1,735,000 after buying an additional 736 shares during the last quarter. UBS Group AG grew its stake in shares of Aehr Test Systems by 1.4% during the third quarter. UBS Group AG now owns 69,180 shares of the semiconductor company’s stock valued at $3,162,000 after buying an additional 924 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Aehr Test Systems by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 961 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Aehr Test Systems by 12.4% during the fourth quarter. Artemis Investment Management LLP now owns 12,916 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 1,422 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Aehr Test Systems by 12.9% in the third quarter. Deutsche Bank AG now owns 13,863 shares of the semiconductor company’s stock worth $634,000 after purchasing an additional 1,588 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Craig Hallum reaffirmed a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th. Finally, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th.

About Aehr Test Systems

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.