ASM International NV (OTCMKTS:ASMIY) Sees Significant Decline in Short Interest

ASM International NV (OTCMKTS:ASMIY) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 600 shares, a decline of 94.0% from the November 15th total of 10,000 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.1 days.

ASM International Stock Up 1.1 %

Shares of ASMIY opened at $553.55 on Thursday. The firm’s fifty day moving average is $562.86 and its two-hundred day moving average is $646.33. The stock has a market cap of $27.31 billion, a PE ratio of 45.79 and a beta of 1.61. ASM International has a 52-week low of $465.65 and a 52-week high of $813.23.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.21 by ($1.23). ASM International had a net margin of 19.98% and a return on equity of 17.38%. The business had revenue of $855.69 million for the quarter. As a group, research analysts anticipate that ASM International will post 14.46 earnings per share for the current year.

Analyst Ratings Changes

ASMIY has been the topic of a number of recent analyst reports. Berenberg Bank raised shares of ASM International to a “strong-buy” rating in a report on Wednesday, October 2nd. BNP Paribas assumed coverage on ASM International in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 target price for the company. Finally, Citigroup raised shares of ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.