Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Increases By 96.2%

Advantest Corp. (OTCMKTS:ATEYY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 133,400 shares, an increase of 96.2% from the September 30th total of 68,000 shares. Based on an average daily trading volume, of 161,400 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 161,400 shares, the short-interest ratio is currently 0.8 days.

Advantest Stock Performance

Shares of OTCMKTS:ATEYY opened at $150.00 on Friday. The stock has a market capitalization of $110.71 billion, a price-to-earnings ratio of 77.72 and a beta of 1.84. Advantest has a 1-year low of $33.70 and a 1-year high of $152.65. The company’s fifty day moving average is $102.49 and its two-hundred day moving average is $75.76.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Tuesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion during the quarter. Sell-side analysts expect that Advantest will post 1.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATEYY shares. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group downgraded shares of Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.