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

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 871 shares, an increase of 222.6% from the April 15th total of 270 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 33,486 shares, the short-interest ratio is presently 0.0 days.

ASMPT Stock Down 5.7%

ASMPT stock traded down $3.97 during trading hours on Thursday, reaching $65.96. 10,040 shares of the stock were exchanged, compared to its average volume of 40,788. ASMPT has a 52-week low of $19.68 and a 52-week high of $71.12. The firm’s 50 day moving average is $48.75 and its 200 day moving average is $39.33.

Wall Street Analysts Forecast Growth

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

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.