ASMPT Limited (OTCMKTS:ASMVY) Sees Large Growth in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 6,889 shares, a growth of 690.9% from the April 30th total of 871 shares. Based on an average daily volume of 57,641 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

ASMPT Stock Down 0.4%

Shares of ASMPT stock opened at $77.45 on Friday. The company has a 50-day simple moving average of $55.07 and a two-hundred day simple moving average of $42.23. ASMPT has a 52-week low of $19.94 and a 52-week high of $81.00.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.