Lasertec Co. (OTCMKTS:LSRCY) Short Interest Up 559.0% in August

Lasertec Co. (OTCMKTS:LSRCY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 509,944 shares, a growth of 559.0% from the July 30th total of 77,387 shares. Based on an average daily trading volume, of 155,624 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Lasertec from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Lasertec currently has an average rating of “Hold”.

Lasertec Price Performance

Shares of OTCMKTS LSRCY opened at $43.21 on Friday. The firm has a fifty day moving average of $53.18 and a 200-day moving average of $50.16. Lasertec has a 52-week low of $19.75 and a 52-week high of $72.89.

About Lasertec

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.