Lasertec Co. (OTCMKTS:LSRCY) Short Interest Update

Lasertec Co. (OTCMKTS:LSRCY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 509,944 shares, a growth of 559.0% from the July 30th total of 77,387 shares. Based on an average trading volume of 155,624 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the company’s shares are short sold.

Lasertec Stock Up 0.6%

Shares of LSRCY opened at $43.66 on Wednesday. Lasertec has a 12 month low of $19.75 and a 12 month high of $72.89. The stock’s 50-day moving average price is $54.21 and its two-hundred day moving average price is $50.10.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Lasertec from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Lasertec

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.