ASM International NV (OTCMKTS:ASMIY) Sees Large Drop in Short Interest

ASM International NV (OTCMKTS:ASMIY) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,502 shares, a drop of 50.7% from the January 29th total of 5,072 shares. Based on an average daily volume of 17,453 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 17,453 shares, the short-interest ratio is currently 0.1 days.

ASM International Trading Down 4.0%

ASMIY stock opened at $840.29 on Friday. The company’s 50-day moving average price is $763.00 and its 200 day moving average price is $639.39. ASM International has a 52 week low of $372.61 and a 52 week high of $877.36. The company has a market cap of $41.25 billion, a P/E ratio of 46.50 and a beta of 1.91.

Wall Street Analyst Weigh In

ASMIY has been the subject of several analyst reports. Jefferies Financial Group cut ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Barclays restated an “overweight” rating on shares of ASM International in a research report on Monday, January 26th. BNP Paribas Exane raised shares of ASM International to an “outperform” rating in a report on Monday, February 2nd. Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASM International in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About ASM International

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.