Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 62.3% in May

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 21,560 shares, a decline of 62.3% from the April 30th total of 57,163 shares. Based on an average daily trading volume, of 158,619 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

ATEYY has been the subject of several analyst reports. Zacks Research downgraded shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Advantest Trading Down 3.6%

Shares of OTCMKTS ATEYY opened at $165.65 on Friday. Advantest has a 12 month low of $49.10 and a 12 month high of $198.32. The firm has a market capitalization of $121.26 billion, a price-to-earnings ratio of 48.72 and a beta of 2.22. The business has a 50-day moving average of $165.90 and a 200-day moving average of $152.47.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. The company had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. On average, analysts predict that Advantest will post 4.64 earnings per share for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.