Advantest Co. (OTCMKTS:ATEYY) Short Interest Up 1,662.5% in October

Advantest Co. (OTCMKTS:ATEYY) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 28,200 shares, a growth of 1,662.5% from the October 15th total of 1,600 shares. Based on an average daily volume of 148,000 shares, the days-to-cover ratio is currently 0.2 days.

Advantest Stock Down 0.8 %

OTCMKTS ATEYY opened at $60.67 on Thursday. 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 stock has a market capitalization of $44.78 billion, a PE ratio of 63.86 and a beta of 1.45. Advantest has a 1 year low of $28.32 and a 1 year high of $64.95. The business’s 50-day moving average is $51.01 and its 200 day moving average is $42.77.

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

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Advantest to a “strong-buy” rating in a research note 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.