Advantest Co. (OTCMKTS:ATEYY) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

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

Advantest Stock Up 0.9 %

Advantest stock traded up $0.51 during trading hours on Friday, hitting $57.86. The company had a trading volume of 17,819 shares, compared to its average volume of 203,887. The firm has a market capitalization of $42.71 billion, a P/E ratio of 60.91 and a beta of 1.41. Advantest has a fifty-two week low of $31.19 and a fifty-two week high of $64.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.04 and a quick ratio of 1.58. The firm’s fifty day moving average is $57.87 and its 200-day moving average is $47.81.

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

About Advantest

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.