ASM International NV (OTCMKTS:ASMIY) Sees Significant Growth in Short Interest

ASM International NV (OTCMKTS:ASMIY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,700 shares, an increase of 176.5% from the February 28th total of 1,700 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

ASM International Stock Down 1.7 %

Shares of ASM International stock opened at $483.65 on Thursday. The stock’s fifty day moving average is $554.60 and its 200-day moving average is $573.36. The firm has a market capitalization of $23.74 billion, a PE ratio of 40.00 and a beta of 1.67. ASM International has a 12-month low of $446.01 and a 12-month high of $813.23.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, February 25th. The company reported $5.01 EPS for the quarter, topping the consensus estimate of $4.14 by $0.87. The company had revenue of $863.04 million during the quarter, compared to the consensus estimate of $865.31 million. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Analysts expect that ASM International will post 14.46 EPS for the current year.

Wall Street Analysts Forecast Growth

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

ASM International Company Profile

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.