Short Interest in ASM International NV (OTCMKTS:ASMIY) Grows By 668.4%

Key Points

• Short interest in ASM International NV surged 668.4% in June, rising to 2,751 shares from 358 shares on June 15. Even so, the stock still has a very low days-to-cover ratio of 0.2 days.
• The company reported stronger-than-expected quarterly results, with EPS of $5.87 versus the $4.58 consensus and revenue of $1.01 billion above estimates. ASM International also posted a 20.41% return on equity and a 31.07% net margin.
• Analyst sentiment remains mostly positive, with five Buy ratings, two Hold ratings, and one Sell rating, giving the stock an overall “Moderate Buy” rating. However, Zacks Research recently downgraded the shares from Strong-Buy to Hold.

ASM International NV (OTCMKTS:ASMIY - Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,751 shares, an increase of 668.4% from the June 15th total of 358 shares. Based on an average daily trading volume, of 14,796 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's stock are short sold.

ASM International Price Performance

Shares of ASM International stock opened at $1,033.80 on Friday. ASM International has a 1-year low of $463.86 and a 1-year high of $1,248.72. The company's fifty day simple moving average is $1,067.50 and its 200-day simple moving average is $894.93. The stock has a market capitalization of $50.53 billion, a PE ratio of 44.14 and a beta of 1.99.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, topping the consensus estimate of $4.58 by $1.29. ASM International had a return on equity of 20.41% and a net margin of 31.07%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $944.69 million. As a group, research analysts anticipate that ASM International will post 26.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASMIY. Zacks Research lowered shares of ASM International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Barclays reiterated an "overweight" rating on shares of ASM International in a research note on Thursday, June 11th. Citigroup reissued a "buy" rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASM International in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

ASM International Company Profile

ASM International OTCMKTS: ASMIY is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM's product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.

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