Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Up 141.3% in November

Tokyo Electron Limited (OTCMKTS:TOELY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 102,800 shares, an increase of 141.3% from the October 31st total of 42,600 shares. Based on an average trading volume of 330,000 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Tokyo Electron Price Performance

Shares of Tokyo Electron stock traded up $5.87 on Friday, hitting $78.22. The company had a trading volume of 116,928 shares, compared to its average volume of 173,952. The firm has a market capitalization of $72.07 billion, a P/E ratio of 23.21 and a beta of 1.52. Tokyo Electron has a twelve month low of $68.83 and a twelve month high of $134.91. The stock has a 50-day moving average of $79.23 and a 200-day moving average of $93.26.

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.