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

ASM International NV (OTCMKTS:ASMIY) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 10,000 shares, a growth of 733.3% from the October 31st total of 1,200 shares. Based on an average daily volume of 72,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ASMIY. Citigroup upgraded ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised shares of ASM International to a “strong-buy” rating in a report on Wednesday, October 2nd.

ASM International Stock Down 1.9 %

Shares of ASMIY stock traded down $10.05 on Wednesday, reaching $527.00. The company’s stock had a trading volume of 4,939 shares, compared to its average volume of 23,656. ASM International has a 12-month low of $465.65 and a 12-month high of $813.23. The stock’s 50 day simple moving average is $585.39 and its 200-day simple moving average is $658.43. The company has a market capitalization of $26.00 billion, a P/E ratio of 43.59 and a beta of 1.66.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.98 earnings per share 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 company had revenue of $855.69 million for the quarter. Research analysts expect that ASM International will post 14.46 EPS for the current year.

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.