Advantest Co. (OTCMKTS:ATEYY) Short Interest Down 85.7% in September

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 20,400 shares, a drop of 85.7% from the August 31st total of 142,900 shares. Based on an average daily volume of 241,500 shares, the days-to-cover ratio is presently 0.1 days.

Advantest Stock Performance

Shares of OTCMKTS ATEYY traded up $1.30 during mid-day trading on Wednesday, reaching $45.86. 54,873 shares of the company’s stock were exchanged, compared to its average volume of 114,517. The firm has a 50-day moving average price of $42.14 and a two-hundred day moving average price of $39.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.33 and a quick ratio of 1.71. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 79.07 and a beta of 1.49. Advantest has a 52 week low of $23.48 and a 52 week high of $49.90.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter. Advantest had a net margin of 14.65% and a return on equity of 18.20%. The firm had revenue of $889.88 million for the quarter, compared to analysts’ expectations of $680.79 million. Analysts predict that Advantest will post 0.82 EPS for the current year.

Advantest Company Profile

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.