Short Interest in ACM Research, Inc. (NASDAQ:ACMR) Decreases By 14.5%

ACM Research, Inc. (NASDAQ:ACMR) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 2,666,276 shares, a decrease of 14.5% from the March 31st total of 3,119,153 shares. Based on an average daily volume of 857,402 shares, the days-to-cover ratio is presently 3.1 days. Currently, 5.9% of the shares of the company are sold short.

ACM Research Price Performance

Shares of ACM Research stock opened at $52.15 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $49.16 and its two-hundred day moving average price is $45.79. ACM Research has a 52 week low of $19.09 and a 52 week high of $71.65. The stock has a market cap of $3.19 billion, a PE ratio of 38.07 and a beta of 1.83.

Insiders Place Their Bets

In related news, Director Tracy Liu sold 45,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the sale, the director owned 110,772 shares of the company’s stock, valued at $5,248,377.36. This represents a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,000 shares of company stock worth $3,110,750 over the last three months. Corporate insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares in the last quarter. Caxton Associates LLP bought a new position in shares of ACM Research in the first quarter valued at $250,000. Strs Ohio acquired a new stake in shares of ACM Research during the 1st quarter valued at $133,000. Creative Planning bought a new stake in shares of ACM Research during the 2nd quarter worth $212,000. Finally, Norges Bank bought a new stake in shares of ACM Research during the 2nd quarter worth $739,000. 66.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of research analyst reports. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.