Tokyo Electron Ltd. (OTCMKTS:TOELY) Short Interest Up 58.2% in September

Key Points

• Tokyo Electron Ltd. saw a significant increase in short interest of 58.2% in September, rising from 59,300 shares to 93,800 shares.
• The company's stock price decreased by 0.6%, trading at $100.23, with a 52-week high of $106.50 and a low of $58.17.
• Zacks Research has downgraded Tokyo Electron from a "hold" rating to a "strong sell" rating, contributing to an overall average rating of "Sell" among analysts.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 93,800 shares, an increase of 58.2% from the September 15th total of 59,300 shares. Based on an average trading volume of 291,200 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 291,200 shares, the short-interest ratio is presently 0.3 days.

Tokyo Electron Trading Down 0.6%

Shares of Tokyo Electron stock traded down $0.61 on Wednesday, hitting $100.23. 64,567 shares of the company traded hands, compared to its average volume of 156,469. The stock's 50 day moving average price is $82.46 and its 200-day moving average price is $81.48. Tokyo Electron has a 52 week low of $58.17 and a 52 week high of $106.50. The company has a market cap of $92.35 billion, a PE ratio of 25.77 and a beta of 1.89.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.10 billion. Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. As a group, research analysts anticipate that Tokyo Electron will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Tokyo Electron from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.

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