Short Interest in Lasertec Co. (OTCMKTS:LSRCY) Expands By 559.0%

Lasertec Co. (OTCMKTS:LSRCY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 509,944 shares, a growth of 559.0% from the July 30th total of 77,387 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 155,624 shares, the days-to-cover ratio is presently 3.3 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Lasertec from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Lasertec Stock Performance

LSRCY stock traded up $0.19 during mid-day trading on Thursday, hitting $43.29. The company had a trading volume of 39,699 shares, compared to its average volume of 105,623. Lasertec has a 12 month low of $19.75 and a 12 month high of $72.89. The stock’s fifty day moving average price is $53.74 and its two-hundred day moving average price is $50.15.

Lasertec Company Profile

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.