Aehr Test Systems (NASDAQ:AEHR) Short Interest Up 15.1% in October

Aehr Test Systems (NASDAQ:AEHR) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 6,250,000 shares, an increase of 15.1% from the October 15th total of 5,430,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 5.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Hedge Funds Weigh In On Aehr Test Systems

A number of large investors have recently made changes to their positions in AEHR. nVerses Capital LLC purchased a new stake in shares of Aehr Test Systems during the 2nd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in Aehr Test Systems during the third quarter worth $36,000. Quarry LP purchased a new stake in Aehr Test Systems during the third quarter worth $41,000. Quest Partners LLC acquired a new stake in Aehr Test Systems in the second quarter valued at $47,000. Finally, US Bancorp DE acquired a new stake in Aehr Test Systems in the third quarter valued at $77,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $10.78 on Friday. Aehr Test Systems has a one year low of $9.83 and a one year high of $30.50. The company has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.42. The stock has a market capitalization of $319.41 million, a price-to-earnings ratio of 11.00 and a beta of 2.03.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $13.12 million during the quarter, compared to the consensus estimate of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. As a group, research analysts forecast that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.