Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 63.7% in December

Advantest Corp. (OTCMKTS:ATEYY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 30,528 shares, a drop of 63.7% from the November 30th total of 84,016 shares. Based on an average trading volume of 105,539 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 105,539 shares, the short-interest ratio is currently 0.3 days.

Advantest Price Performance

Shares of OTCMKTS:ATEYY opened at $129.22 on Friday. The business’s 50 day simple moving average is $127.88 and its 200-day simple moving average is $97.95. Advantest has a 12 month low of $33.70 and a 12 month high of $152.70.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $1.78 billion for the quarter. Equities research analysts anticipate that Advantest will post 1.61 EPS for the current fiscal year.

Analyst Ratings Changes

ATEYY has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Finally, Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.