ASM International NV (OTCMKTS:ASMIY) Short Interest Down 57.1% in January

ASM International NV (OTCMKTS:ASMIY) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,800 shares, a drop of 57.1% from the December 31st total of 4,200 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is currently 0.2 days.

ASM International Stock Up 2.4 %

Shares of OTCMKTS ASMIY traded up $13.23 during midday trading on Thursday, hitting $553.84. The stock had a trading volume of 3,973 shares, compared to its average volume of 4,446. The company has a fifty day moving average price of $578.66 and a 200 day moving average price of $608.74. The company has a market capitalization of $27.19 billion, a price-to-earnings ratio of 45.81 and a beta of 1.60. ASM International has a 1-year low of $510.81 and a 1-year high of $813.23.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $2.98 EPS for the quarter, missing the consensus estimate of $4.21 by ($1.23). The company had revenue of $855.69 million for the quarter. ASM International had a return on equity of 17.10% and a net margin of 19.98%. On average, research analysts forecast that ASM International will post 14.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Berenberg Bank upgraded ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas started coverage on ASM International in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $561.00 price target for the company. Finally, Citigroup raised ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.