Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 5,610,000 shares, a drop of 5.2% from the March 15th total of 5,920,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is presently 3.4 days.

Analyst Ratings Changes

AEHR has been the subject of several research reports. StockNews.com downgraded shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Craig Hallum reissued a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. Finally, William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research note on Monday, March 25th.

Insider Buying and Selling at Aehr Test Systems

In related news, CEO Gayn Erickson sold 4,871 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $17.39, for a total value of $84,706.69. Following the completion of the transaction, the chief executive officer now directly owns 427,935 shares of the company’s stock, valued at $7,441,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 7,201 shares of company stock worth $125,225 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aehr Test Systems

A number of institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in Aehr Test Systems by 141.3% during the third quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company’s stock worth $38,000 after buying an additional 482 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Aehr Test Systems by 93.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 558 shares during the period. Deutsche Bank AG bought a new position in shares of Aehr Test Systems in the 1st quarter worth about $40,000. Russell Investments Group Ltd. acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $53,000. Finally, Headlands Technologies LLC bought a new stake in shares of Aehr Test Systems during the 3rd quarter valued at about $67,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Down 1.3 %

NASDAQ AEHR opened at $11.55 on Tuesday. The company has a market cap of $334.03 million, a price-to-earnings ratio of 22.21 and a beta of 1.98. Aehr Test Systems has a twelve month low of $10.53 and a twelve month high of $54.10. The business’s fifty day moving average is $14.83 and its 200 day moving average is $22.23.

Aehr Test Systems Company Profile

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.