BE Semiconductor Industries (OTCMKTS:BESIY) Sees Large Decline in Short Interest

BE Semiconductor Industries (OTCMKTS:BESIY) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,500 shares, a drop of 37.5% from the December 15th total of 2,400 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 0.5 days.

BE Semiconductor Industries Stock Up 2.9 %

OTCMKTS BESIY traded up $4.27 on Thursday, reaching $153.00. 2,448 shares of the stock traded hands, compared to its average volume of 1,199. BE Semiconductor Industries has a 12 month low of $105.53 and a 12 month high of $195.34. The firm’s fifty day simple moving average is $131.15 and its 200 day simple moving average is $132.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 6.12 and a current ratio of 6.86.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its earnings results on Thursday, October 24th. The technology company reported $0.65 earnings per share for the quarter. The business had revenue of $172.08 million during the quarter. BE Semiconductor Industries had a return on equity of 39.36% and a net margin of 28.93%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BESIY. UBS Group raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Needham & Company LLC lowered shares of BE Semiconductor Industries from a “moderate buy” rating to a “hold” rating in a research note on Monday.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.