Advantest Corp. (OTCMKTS:ATEYY) Short Interest Update

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 45,519 shares, a drop of 45.0% from the July 30th total of 82,741 shares. Based on an average daily volume of 119,427 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Advantest Stock Performance

OTCMKTS ATEYY opened at $214.70 on Friday. The company’s 50 day simple moving average is $198.08 and its two-hundred day simple moving average is $178.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.83. Advantest has a 1 year low of $70.09 and a 1 year high of $240.89. The stock has a market capitalization of $157.16 billion, a PE ratio of 52.88 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The firm had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. Analysts predict that Advantest will post 4.95 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.