Tokyo Electron Limited (OTCMKTS:TOELY) Sees Large Drop in Short Interest

Tokyo Electron Limited (OTCMKTS:TOELY) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 49,100 shares, a decline of 82.9% from the September 30th total of 286,500 shares. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded Tokyo Electron to a “strong-buy” rating in a research report on Monday, October 7th.

Tokyo Electron Stock Performance

TOELY stock traded up $0.54 during midday trading on Friday, reaching $77.25. 141,036 shares of the company traded hands, compared to its average volume of 175,051. Tokyo Electron has a 52-week low of $64.30 and a 52-week high of $134.91. The business has a 50 day moving average of $85.40 and a 200-day moving average of $100.85. The firm has a market capitalization of $143.07 billion, a price-to-earnings ratio of 28.62 and a beta of 1.50.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.12 billion. Research analysts anticipate that Tokyo Electron will post 3.23 earnings per share for the current year.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.