Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Aehr Test Systems (NASDAQ:AEHR) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 6,250,000 shares, a growth of 15.1% from the October 15th total of 5,430,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 5.4 days.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in Aehr Test Systems in the second quarter valued at $25,000. Truvestments Capital LLC acquired a new stake in shares of Aehr Test Systems during the third quarter worth about $36,000. Quarry LP purchased a new stake in shares of Aehr Test Systems in the 3rd quarter valued at about $41,000. Quest Partners LLC acquired a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $47,000. Finally, US Bancorp DE purchased a new position in Aehr Test Systems during the 3rd quarter worth approximately $77,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $10.78 on Monday. The firm has a market cap of $319.42 million, a price-to-earnings ratio of 11.00 and a beta of 2.03. The firm has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $13.43. Aehr Test Systems has a one year low of $9.83 and a one year high of $30.50.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $13.12 million during the quarter, compared to analysts’ expectations of $11.90 million. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. Equities analysts predict that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.