Advantest Co. (OTCMKTS:ATEYY) Sees Large Decline in Short Interest

Advantest Co. (OTCMKTS:ATEYY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 20,400 shares, a decrease of 85.7% from the August 31st total of 142,900 shares. Based on an average daily trading volume, of 241,500 shares, the short-interest ratio is presently 0.1 days.

Advantest Stock Up 7.1 %

ATEYY stock traded up $3.30 on Friday, reaching $49.60. 142,037 shares of the company traded hands, compared to its average volume of 245,392. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.33 and a quick ratio of 1.71. The firm has a fifty day simple moving average of $42.52 and a 200-day simple moving average of $39.51. Advantest has a one year low of $23.48 and a one year high of $49.99. The company has a market cap of $36.61 billion, a P/E ratio of 85.52 and a beta of 1.49.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 EPS for the quarter. Advantest had a net margin of 14.65% and a return on equity of 18.20%. The company had revenue of $889.88 million for the quarter, compared to the consensus estimate of $680.79 million. Research analysts anticipate that Advantest will post 0.82 earnings per share for the current year.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.