Advantest Co. (OTCMKTS:ATEYY) Sees Significant Decrease in Short Interest

Advantest Co. (OTCMKTS:ATEYY - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,900 shares, a decline of 68.0% from the March 15th total of 15,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 403,700 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein cut Advantest from a "strong-buy" rating to a "market perform" rating in a report on Monday, March 24th.

Advantest Price Performance

Shares of OTCMKTS ATEYY traded up $1.34 during trading on Friday, reaching $39.24. The company had a trading volume of 167,527 shares, compared to its average volume of 176,027. Advantest has a 52 week low of $31.52 and a 52 week high of $65.40. The business's 50 day moving average price is $50.34 and its 200-day moving average price is $55.02. The stock has a market cap of $28.96 billion, a PE ratio of 32.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.78 and a current ratio of 2.94.

Advantest (OTCMKTS:ATEYY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.46 earnings per share for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. Analysts expect that Advantest will post 1.61 earnings per share 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.