Short Interest in ACM Research, Inc. (NASDAQ:ACMR) Rises By 28.0%

Key Points

• ACM Research, Inc. experienced a 28.0% increase in short interest in August, totaling 4,020,000 shares with a short-interest ratio of 3.7 days.
• The company reported $0.54 EPS for its latest quarter, beating consensus estimates by $0.12, while its revenue was up 6.4% year-over-year but fell short of analyst expectations.
• Insiders at ACM Research have sold a combined total of 246,152 shares over the past 90 days, indicating a 10.03% decrease in one insider's position alone.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 4,020,000 shares, an increase of 28.0% from the July 31st total of 3,140,000 shares. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is currently 3.7 days. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is currently 3.7 days.

ACM Research Stock Performance

ACMR stock traded down $0.24 during mid-day trading on Friday, hitting $29.86. The company had a trading volume of 1,616,055 shares, compared to its average volume of 1,472,604. The firm has a market cap of $1.77 billion, a PE ratio of 18.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. ACM Research has a 12 month low of $13.87 and a 12 month high of $32.54. The stock's fifty day moving average price is $28.24 and its two-hundred day moving average price is $25.30.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, analysts forecast that ACM Research will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ACM Research news, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the sale, the insider owned 253,158 shares of the company's stock, valued at approximately $8,101,056. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,152 shares of company stock valued at $6,914,160. Company insiders own 25.00% of the company's stock.

Institutional Trading of ACM Research

Several hedge funds have recently added to or reduced their stakes in ACMR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ACM Research by 1,418.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares during the period. Federated Hermes Inc. raised its position in shares of ACM Research by 12,871.6% in the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after purchasing an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new stake in shares of ACM Research in the fourth quarter valued at approximately $15,507,000. Broad Bay Capital Management LP bought a new stake in shares of ACM Research in the first quarter valued at approximately $21,134,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of ACM Research in the fourth quarter valued at approximately $10,549,000. Institutional investors own 66.75% of the company's stock.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.