ASMPT Limited (OTCMKTS:ASMVY) Short Interest Up 71.2% in August

ASMPT Limited (OTCMKTS:ASMVY) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,606 shares, an increase of 71.2% from the August 15th total of 1,522 shares. Based on an average daily volume of 10,303 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research raised ASMPT from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

ASMPT Stock Down 0.0%

ASMVY stock opened at $58.89 on Wednesday. The stock’s 50 day moving average price is $63.06 and its 200 day moving average price is $60.57. ASMPT has a 1 year low of $27.25 and a 1 year high of $93.58.

About ASMPT

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.