Advantest Corp. (OTCMKTS:ATEYY) Short Interest Update

Advantest Corp. (OTCMKTS:ATEYY) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 45,519 shares, a decline of 45.0% from the July 30th total of 82,741 shares. Based on an average daily volume of 119,427 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Advantest Trading Down 1.9%

Shares of ATEYY stock opened at $214.70 on Friday. The business has a 50-day moving average price of $198.08 and a two-hundred day moving average price of $178.02. Advantest has a 12-month low of $70.09 and a 12-month high of $240.89. The company has a quick ratio of 1.83, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. The firm has a market cap of $157.16 billion, a P/E ratio of 52.88 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The firm had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. Equities analysts anticipate that Advantest will post 4.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Advantest has an average rating of “Moderate Buy”.

Advantest Company Profile

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.