Lasertec Co. (OTCMKTS:LSRCY) Sees Significant Growth in Short Interest

Lasertec Co. (OTCMKTS:LSRCY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 509,944 shares, an increase of 559.0% from the July 30th total of 77,387 shares. Based on an average daily volume of 155,624 shares, the short-interest ratio is presently 3.3 days. Currently, 0.1% of the shares of the stock are short sold.

Lasertec Trading Up 0.6%

Shares of LSRCY opened at $43.66 on Wednesday. Lasertec has a 52 week low of $19.75 and a 52 week high of $72.89. The stock has a fifty day moving average of $54.21 and a 200-day moving average of $50.10.

Wall Street Analysts Forecast Growth

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

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.