Advantest Co. (OTCMKTS:ATEYY) Short Interest Down 69.6% in December

Advantest Co. (OTCMKTS:ATEYY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 2,100 shares, a drop of 69.6% from the November 30th total of 6,900 shares. Based on an average daily volume of 110,900 shares, the short-interest ratio is presently 0.0 days.

Advantest Stock Up 1.4 %

Shares of Advantest stock traded up $0.84 on Friday, reaching $58.70. 23,456 shares of the company were exchanged, compared to its average volume of 203,165. Advantest has a one year low of $31.19 and a one year high of $64.95. The company has a current ratio of 3.04, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $57.97 and a 200 day moving average of $47.98. The company has a market capitalization of $43.32 billion, a price-to-earnings ratio of 61.79 and a beta of 1.41.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter. The company had revenue of $1.28 billion during the quarter. Advantest had a net margin of 17.67% and a return on equity of 24.47%. On average, equities research analysts forecast that Advantest will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Advantest to a “strong-buy” rating in a report on Monday, October 7th.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.