Short Interest in ASM International NV (OTCMKTS:ASMIY) Decreases By 57.1%

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

ASM International Price Performance

OTCMKTS:ASMIY traded up $4.04 on Friday, hitting $557.88. 2,347 shares of the company’s stock were exchanged, compared to its average volume of 9,643. ASM International has a 52 week low of $510.81 and a 52 week high of $813.23. The company has a market cap of $27.39 billion, a P/E ratio of 46.14 and a beta of 1.60. The firm has a 50-day moving average price of $579.37 and a 200-day moving average price of $608.39.

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

Wall Street Analysts Forecast Growth

Separately, BNP Paribas assumed coverage on shares of ASM International in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 target price for the company.

About ASM International

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.