Short Interest in Aehr Test Systems (NASDAQ:AEHR) Declines By 6.3%

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,550,000 shares, a decline of 6.3% from the January 15th total of 6,990,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 5.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Aehr Test Systems to a “sell” rating in a research report on Wednesday, January 22nd.

Aehr Test Systems Trading Up 8.3 %

Shares of NASDAQ:AEHR opened at $11.61 on Wednesday. The stock has a 50 day moving average of $13.30 and a 200 day moving average of $13.30. The company has a market cap of $344.93 million, a PE ratio of 15.48 and a beta of 1.81. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $21.44.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. Equities research analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Aehr Test Systems by 1,535.8% during the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock valued at $33,656,000 after acquiring an additional 2,458,993 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Aehr Test Systems by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,183,641 shares of the semiconductor company’s stock worth $36,314,000 after purchasing an additional 44,881 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Aehr Test Systems by 12.0% in the fourth quarter. Baillie Gifford & Co. now owns 2,023,559 shares of the semiconductor company’s stock valued at $33,652,000 after acquiring an additional 216,710 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Aehr Test Systems in the fourth quarter valued at about $15,307,000. Finally, Geode Capital Management LLC grew its stake in Aehr Test Systems by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 647,610 shares of the semiconductor company’s stock valued at $10,773,000 after purchasing an additional 8,461 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.