Short Interest in Advantest Co. (OTCMKTS:ATEYY) Decreases By 56.6%

Advantest Co. (OTCMKTS:ATEYY) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 12,500 shares, a drop of 56.6% from the January 15th total of 28,800 shares. Based on an average daily trading volume, of 228,700 shares, the days-to-cover ratio is presently 0.1 days.

Advantest Stock Performance

OTCMKTS:ATEYY opened at $59.61 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.16. Advantest has a 12-month low of $31.52 and a 12-month high of $65.40. The stock has a 50-day moving average price of $58.58 and a 200 day moving average price of $53.01. The stock has a market capitalization of $44.00 billion, a P/E ratio of 48.86 and a beta of 1.37.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, January 29th. The company reported $0.46 earnings per share (EPS) for the quarter. Advantest had a return on equity of 29.75% and a net margin of 19.95%. Equities research analysts forecast that Advantest will post 1.18 EPS for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.