Short Interest in ASM International NV (OTCMKTS:ASMIY) Grows By 500.0%

ASM International NV (OTCMKTS:ASMIY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,200 shares, a growth of 500.0% from the December 15th total of 700 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on ASMIY shares. Citigroup raised ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas started coverage on ASM International in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 price objective on the stock.

ASM International Stock Performance

Shares of OTCMKTS:ASMIY opened at $608.29 on Wednesday. The stock has a market capitalization of $29.86 billion, a price-to-earnings ratio of 50.31 and a beta of 1.60. The stock’s 50-day simple moving average is $562.39 and its two-hundred day simple moving average is $620.17. ASM International has a 52-week low of $485.01 and a 52-week high of $813.23.

ASM International (OTCMKTS:ASMIY) last announced its earnings results on Tuesday, October 29th. The company reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.21 by ($1.23). ASM International had a return on equity of 17.38% and a net margin of 19.98%. The firm had revenue of $855.69 million during the quarter. As a group, equities analysts forecast that ASM International will post 14.46 earnings per share for the current fiscal year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.