ASMPT Limited (OTCMKTS:ASMVY) Sees Significant Decrease in Short Interest

ASMPT Limited (OTCMKTS:ASMVY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 3,189 shares, a decline of 53.7% from the May 14th total of 6,889 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 22,431 shares, the days-to-cover ratio is currently 0.1 days.

ASMPT Stock Performance

Shares of OTCMKTS:ASMVY opened at $70.08 on Friday. The business has a fifty day moving average price of $61.61 and a two-hundred day moving average price of $45.19. ASMPT has a 1 year low of $19.94 and a 1 year high of $81.00.

Analyst Ratings Changes

Separately, Zacks Research raised ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, ASMPT currently has a consensus rating of “Strong Buy”.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.