Advantest Co. (OTCMKTS:ATEYY) Short Interest Up 81.6% in November

Advantest Co. (OTCMKTS:ATEYY) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,900 shares, an increase of 81.6% from the November 15th total of 3,800 shares. Based on an average trading volume of 157,400 shares, the days-to-cover ratio is presently 0.0 days.

Advantest Stock Up 1.3 %

Shares of ATEYY opened at $57.54 on Friday. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 60.57 and a beta of 1.41. The stock’s 50-day moving average price is $56.66 and its 200-day moving average price is $46.22. The company has a quick ratio of 1.58, a current ratio of 3.04 and a debt-to-equity ratio of 0.17. Advantest has a 52 week low of $31.19 and a 52 week high of $64.95.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter. The business had revenue of $1.28 billion during the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. On average, sell-side analysts predict that Advantest will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

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

About Advantest

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.