Short Interest in Advantest Co. (OTCMKTS:ATEYY) Declines By 56.6%

Advantest Co. (OTCMKTS:ATEYY) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 12,500 shares, a drop of 56.6% from the January 15th total of 28,800 shares. Based on an average daily volume of 228,700 shares, the days-to-cover ratio is presently 0.1 days.

Advantest Stock Up 1.6 %

OTCMKTS:ATEYY traded up $0.92 during trading hours on Thursday, hitting $58.21. The stock had a trading volume of 97,068 shares, compared to its average volume of 108,471. The business has a 50 day simple moving average of $58.55 and a two-hundred day simple moving average of $52.80. Advantest has a 1-year low of $31.52 and a 1-year high of $65.40. The company has a current ratio of 2.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.16. The company has a market cap of $42.96 billion, a PE ratio of 47.71 and a beta of 1.37.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.46 earnings per share for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.75%. Analysts predict that Advantest will post 1.18 EPS for the current year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.