Advantest Corp. (OTCMKTS:ATEYY) Short Interest Down 56.3% in June

Advantest Corp. (OTCMKTS:ATEYY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,291 shares, a drop of 56.3% from the May 31st total of 28,109 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 180,382 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATEYY. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Advantest has a consensus rating of “Buy”.

Advantest Stock Performance

Shares of ATEYY opened at $200.74 on Monday. The firm has a market cap of $146.94 billion, a PE ratio of 59.04 and a beta of 2.14. Advantest has a 12 month low of $64.91 and a 12 month high of $222.45. The stock has a fifty day moving average price of $178.88 and a 200-day moving average price of $160.03.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The firm had revenue of $2.09 billion for the quarter. As a group, research analysts forecast that Advantest will post 4.95 EPS 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.