Short Interest in Advantest Co. (OTCMKTS:ATEYY) Rises By 81.6%

Advantest Co. (OTCMKTS:ATEYY) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,900 shares, a growth of 81.6% from the November 15th total of 3,800 shares. Based on an average daily trading volume, of 157,400 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Advantest Stock Up 6.5 %

Shares of OTCMKTS:ATEYY opened at $61.30 on Friday. The company has a 50 day moving average of $56.92 and a 200-day moving average of $46.40. Advantest has a one year low of $31.19 and a one year high of $64.95. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 64.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.04 and a quick ratio of 1.58.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter. The firm 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, sell-side analysts forecast that Advantest will post 1.16 earnings per share for the current year.

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.