Tokyo Electron Ltd. (OTCMKTS:TOELY) Short Interest Update

Tokyo Electron Ltd. (OTCMKTS:TOELY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 388,512 shares, a growth of 167.1% from the May 31st total of 145,440 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,011,064 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Tokyo Electron Price Performance

Shares of TOELY stock opened at $228.91 on Monday. Tokyo Electron has a 12 month low of $66.10 and a 12 month high of $248.00. The business’s 50 day moving average is $177.59 and its two-hundred day moving average is $143.93. The company has a market cap of $214.28 billion, a PE ratio of 55.43 and a beta of 1.95.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.