Advantest Co. (OTCMKTS:ATEYY) Sees Significant Increase in Short Interest

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,400 shares, a growth of 700.0% from the September 15th total of 800 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 0.7 days.

Shares of OTCMKTS ATEYY traded down $0.73 during midday trading on Thursday, hitting $76.14. 5,238 shares of the stock traded hands, compared to its average volume of 8,227. The firm has a 50-day moving average of $90.86 and a two-hundred day moving average of $90.78. The firm has a market capitalization of $14.98 billion, a P/E ratio of 20.52 and a beta of 1.16. Advantest has a one year low of $51.50 and a one year high of $105.10.

A number of analysts have recently commented on the company. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research report on Monday, July 12th. Zacks Investment Research cut Advantest from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut Advantest from an “overweight” rating to a “neutral” rating in a research report on Friday, October 8th.

Advantest Company Profile

Advantest Corp. engages in the manufacture and sale of mechatronic products. It operates through the following segments: Semiconductor and Component Test Systems, Mechatronic and Others. The Semiconductor and Component Test Systems segment offers test systems for semiconductors and electronic component industries.

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