BE Semiconductor Industries NV (OTCMKTS:BESIY) Sees Large Decline in Short Interest

Key Points

• Short interest plunged 72.4% — short interest fell to 840 shares as of March 13 from 3,038 on Feb 26, leaving a short-interest ratio of 0.0 days and effectively 0.0% of shares shorted.
• Shares opened at $214.80 with a market cap of $15.58 billion and a PE ratio of 114.87; the stock's 1‑year range is $88.02–$235.17, with 50‑day and 200‑day moving averages of $208.06 and $175.56, respectively.
• Analysts are mixed: five rate BESIY a Buy and six a Hold, giving an average rating of "Hold", with recent rating moves from Kepler, Needham, Morgan Stanley and Sanford Bernstein.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 840 shares, a decline of 72.4% from the February 26th total of 3,038 shares. Based on an average trading volume of 17,512 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 17,512 shares, the short-interest ratio is presently 0.0 days.

BE Semiconductor Industries Stock Performance

Shares of OTCMKTS BESIY opened at $214.80 on Wednesday. The stock has a market cap of $15.58 billion, a PE ratio of 114.87 and a beta of 1.81. BE Semiconductor Industries has a 1 year low of $88.02 and a 1 year high of $235.17. The firm has a fifty day moving average price of $208.06 and a 200-day moving average price of $175.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 5.55 and a quick ratio of 4.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BESIY. Kepler Capital Markets cut BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, January 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of BE Semiconductor Industries in a report on Sunday, January 4th. Morgan Stanley restated an "overweight" rating on shares of BE Semiconductor Industries in a research report on Tuesday, January 13th. Needham & Company LLC raised BE Semiconductor Industries to a "buy" rating in a research note on Tuesday, January 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of BE Semiconductor Industries in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, BE Semiconductor Industries presently has an average rating of "Hold".

BE Semiconductor Industries Company Profile

BE Semiconductor Industries NV OTCMKTS: BESIY, commonly known as BESI, is a global supplier of assembly equipment for the semiconductor industry. The company designs, develops and manufactures capital equipment used in the back-end production of semiconductor devices, including die attach, wire bonding and flip chip packaging systems. BESI's platforms support a wide range of applications from memory and logic chips to advanced power devices and radio-frequency modules, enabling high precision, throughput and yield in device assembly and test processes.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI went public on Euronext Amsterdam in 1999.

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