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

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,189 shares, a decline of 53.7% from the May 14th total of 6,889 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 22,431 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

ASMPT Stock Performance

Shares of OTCMKTS ASMVY opened at $70.08 on Monday. The firm’s 50-day simple moving average is $61.61 and its 200 day simple moving average is $45.31. ASMPT has a 12-month low of $19.94 and a 12-month 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.