Lasertec Co. (OTCMKTS:LSRCY) Sees Large Decline in Short Interest

Lasertec Co. (OTCMKTS:LSRCY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 74,625 shares, a decline of 85.4% from the August 15th total of 509,944 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 277,842 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Lasertec from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Lasertec Price Performance

OTCMKTS:LSRCY traded down $0.11 on Friday, reaching $45.43. The company’s stock had a trading volume of 23,085 shares, compared to its average volume of 105,228. Lasertec has a 12-month low of $21.68 and a 12-month high of $72.89. The stock has a 50 day moving average price of $49.05 and a 200 day moving average price of $50.36.

Lasertec Company Profile

Lasertec Corporation is a Japan-based manufacturer of inspection and measurement equipment used in advanced manufacturing. The company is best known for systems that inspect semiconductor photomasks and mask blanks, which are critical components in the lithography process used to produce integrated circuits.

Lasertec’s product portfolio includes inspection systems for extreme ultraviolet (EUV) and other semiconductor lithography applications, as well as equipment for detecting defects and measuring surface characteristics.