Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Declines By 56.3%

Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,291 shares, a drop of 56.3% from the May 31st total of 28,109 shares. Based on an average daily trading volume, of 180,382 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ATEYY shares. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Advantest has an average rating of “Buy”.

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Advantest Price Performance

Shares of OTCMKTS:ATEYY opened at $206.67 on Tuesday. Advantest has a 1-year low of $64.91 and a 1-year high of $222.45. The business has a fifty day moving average price of $179.46 and a 200-day moving average price of $160.56. The company has a market capitalization of $151.28 billion, a PE ratio of 60.79 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. On average, sell-side analysts anticipate that Advantest will post 4.95 earnings per share for the current fiscal year.

Advantest Company Profile

(Get Free Report)

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.

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