Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Aehr Test Systems (NASDAQ:AEHR) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,250,000 shares, a growth of 15.1% from the October 15th total of 5,430,000 shares. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is currently 5.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Stock Performance

Aehr Test Systems stock opened at $10.78 on Monday. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $30.50. The firm has a market capitalization of $319.42 million, a price-to-earnings ratio of 11.00 and a beta of 2.03. The stock’s fifty day moving average is $13.31 and its two-hundred day moving average is $13.43.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. The firm had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. As a group, sell-side analysts forecast that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Institutional Trading of Aehr Test Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEHR. Geode Capital Management LLC raised its position in shares of Aehr Test Systems by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 639,149 shares of the semiconductor company’s stock worth $8,215,000 after buying an additional 18,521 shares during the period. Barclays PLC raised its holdings in shares of Aehr Test Systems by 27.3% in the 3rd quarter. Barclays PLC now owns 140,525 shares of the semiconductor company’s stock worth $1,807,000 after purchasing an additional 30,119 shares during the period. Pier Capital LLC lifted its stake in shares of Aehr Test Systems by 33.4% in the 3rd quarter. Pier Capital LLC now owns 412,077 shares of the semiconductor company’s stock valued at $5,295,000 after purchasing an additional 103,144 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Aehr Test Systems by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 311,773 shares of the semiconductor company’s stock worth $4,006,000 after purchasing an additional 9,473 shares during the period. Finally, State Street Corp increased its position in Aehr Test Systems by 1.6% during the 3rd quarter. State Street Corp now owns 571,860 shares of the semiconductor company’s stock worth $7,348,000 after purchasing an additional 8,840 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.