Short Interest in ASMPT Limited (OTCMKTS:ASMVY) Decreases By 63.0%

ASMPT Limited (OTCMKTS:ASMVY) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 3,007 shares, a decrease of 63.0% from the July 15th total of 8,133 shares. Based on an average trading volume of 25,772 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, ASMPT currently has an average rating of “Strong Buy”.

ASMPT Price Performance

Shares of OTCMKTS:ASMVY opened at $68.10 on Friday. The business’s 50 day simple moving average is $69.46 and its 200 day simple moving average is $57.00. ASMPT has a 1 year low of $25.17 and a 1 year high of $93.58.

About ASMPT

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.