Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Declines By 40.2%

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 24,861 shares, a decrease of 40.2% from the June 30th total of 41,602 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 731,471 shares, the short-interest ratio is presently 0.0 days.

Advantest Stock Performance

Shares of ATEYY opened at $190.57 on Friday. Advantest has a 1 year low of $64.91 and a 1 year high of $222.45. The company has a market cap of $139.50 billion, a price-to-earnings ratio of 46.94 and a beta of 2.10. The firm has a fifty day moving average of $179.31 and a 200-day moving average of $168.84.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. The business had revenue of $2.31 billion for the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. Analysts predict that Advantest will post 4.95 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on ATEYY shares. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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.