Lasertec Co. (OTCMKTS:LSRCY) Sees Large Decline in Short Interest

Lasertec Co. (OTCMKTS:LSRCY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 74,625 shares, a decrease of 85.4% from the August 15th total of 509,944 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 277,842 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Lasertec from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Lasertec has an average rating of “Hold”.

Lasertec Stock Down 0.2%

Shares of LSRCY traded down $0.11 during trading hours on Friday, hitting $45.43. 23,085 shares of the stock were exchanged, compared to its average volume of 105,228. The stock’s 50-day moving average price is $49.05 and its two-hundred day moving average price is $50.36. Lasertec has a 12-month low of $21.68 and a 12-month high of $72.89.

Lasertec Company Profile

Lasertec Corporation is a Japan-based manufacturer of inspection and measurement equipment used in advanced manufacturing. The company is best known for systems that inspect semiconductor photomasks and mask blanks, which are critical components in the lithography process used to produce integrated circuits.

Lasertec’s product portfolio includes inspection systems for extreme ultraviolet (EUV) and other semiconductor lithography applications, as well as equipment for detecting defects and measuring surface characteristics.