Short Interest in Advantest Corp. (OTCMKTS:ATEYY) Increases By 238.5%

Advantest Corp. (OTCMKTS:ATEYY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 41,602 shares, an increase of 238.5% from the June 15th total of 12,291 shares. Based on an average daily trading volume, of 375,881 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Advantest Stock Up 5.4%

Shares of ATEYY opened at $184.65 on Wednesday. Advantest has a twelve month low of $64.91 and a twelve month high of $222.45. The company has a market capitalization of $135.16 billion, a P/E ratio of 54.31 and a beta of 2.10. The firm has a 50 day moving average of $179.90 and a 200 day moving average of $164.93.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%. On average, sell-side analysts expect that Advantest will post 4.95 EPS for the current year.

Analyst Ratings Changes

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