ASM International NV (OTCMKTS:ASMIY) Sees Large Decline in Short Interest

ASM International NV (OTCMKTS:ASMIY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,324 shares, a decrease of 45.8% from the August 15th total of 2,441 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,771 shares, the days-to-cover ratio is presently 0.1 days.

ASM International Price Performance

Shares of OTCMKTS:ASMIY opened at $868.08 on Wednesday. The business has a 50 day simple moving average of $967.16 and a two-hundred day simple moving average of $961.41. ASM International has a 1 year low of $532.31 and a 1 year high of $1,248.72. The firm has a market capitalization of $42.43 billion, a PE ratio of 34.04 and a beta of 1.99.

Wall Street Analysts Forecast Growth

ASMIY has been the topic of several analyst reports. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Barclays reiterated an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ASM International currently has a consensus rating of “Moderate Buy”.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and manufactures wafer-processing systems used in the production of advanced integrated circuits. Its equipment is installed in semiconductor fabrication facilities operated by chip manufacturers around the world.

The company’s product portfolio focuses on deposition technologies, including atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD) and related processes. These systems help manufacturers deposit extremely thin and precisely controlled layers of materials onto silicon wafers for applications such as logic, memory and other advanced semiconductor devices.

Founded in 1968 by Arthur del Prado, ASM International has played a significant role in the development and commercialization of wafer-processing technologies, particularly ALD.