Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Update

Tokyo Electron Limited (OTCMKTS:TOELY) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 47,500 shares, a growth of 49.8% from the November 30th total of 31,700 shares. Based on an average trading volume of 316,100 shares, the days-to-cover ratio is presently 0.2 days.

Tokyo Electron Trading Up 0.9 %

Shares of OTCMKTS:TOELY traded up $0.66 during midday trading on Friday, reaching $76.80. The company had a trading volume of 132,235 shares, compared to its average volume of 172,025. The stock has a market cap of $70.76 billion, a P/E ratio of 28.66 and a beta of 1.51. The company’s 50 day moving average price is $76.02 and its 200 day moving average price is $88.41. Tokyo Electron has a 52-week low of $68.83 and a 52-week high of $134.91.

Analysts Set New Price Targets

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

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.