ASMPT Limited (OTCMKTS:ASMVY) Sees Significant Increase in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,133 shares, an increase of 217.4% from the June 30th total of 2,562 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 25,752 shares, the days-to-cover ratio is presently 0.3 days.

ASMPT Trading Down 2.8%

OTCMKTS:ASMVY opened at $59.85 on Tuesday. ASMPT has a 12-month low of $23.83 and a 12-month high of $93.58. The stock has a fifty day moving average price of $72.50 and a 200 day moving average price of $54.87.

Analyst Ratings Changes

Separately, Zacks Research lowered ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About ASMPT

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.