Advantest Co. (OTCMKTS:ATEYY) Short Interest Update

Advantest Co. (OTCMKTS:ATEYY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,100 shares, a decrease of 69.6% from the November 30th total of 6,900 shares. Based on an average trading volume of 110,900 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Advantest to a “strong-buy” rating in a report on Monday, October 7th.

Advantest Stock Performance

OTCMKTS ATEYY traded up $0.51 during trading on Friday, reaching $57.86. The company’s stock had a trading volume of 17,819 shares, compared to its average volume of 203,887. The firm has a market cap of $42.71 billion, a price-to-earnings ratio of 60.91 and a beta of 1.41. Advantest has a twelve month low of $31.19 and a twelve month high of $64.95. The business’s fifty day moving average price is $57.87 and its 200-day moving average price is $47.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 3.04.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. The firm had revenue of $1.28 billion for the quarter. As a group, analysts anticipate that Advantest will post 1.16 EPS for the current fiscal 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.