Advantest Co. (OTCMKTS:ATEYY) Sees Significant Growth in Short Interest

Advantest Co. (OTCMKTS:ATEYY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 28,200 shares, an increase of 1,662.5% from the October 15th total of 1,600 shares. Based on an average trading volume of 148,000 shares, the days-to-cover ratio is presently 0.2 days.

Advantest Stock Up 1.2 %

Shares of OTCMKTS ATEYY traded up $0.73 during trading hours on Tuesday, hitting $63.33. The stock had a trading volume of 142,017 shares, compared to its average volume of 223,197. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 3.04. The company has a market capitalization of $46.74 billion, a P/E ratio of 66.66 and a beta of 1.45. Advantest has a 52 week low of $28.32 and a 52 week high of $64.95. The firm’s 50-day moving average price is $50.27 and its two-hundred day moving average price is $42.44.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. The company had revenue of $1.28 billion during the quarter. Analysts anticipate that Advantest will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised shares of Advantest to a “strong-buy” rating in a research note on Monday, October 7th.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.