Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Increases By 94.1%

Tokyo Electron Limited (OTCMKTS:TOELY) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 92,200 shares, an increase of 94.1% from the December 31st total of 47,500 shares. Based on an average daily volume of 254,700 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Tokyo Electron to a “strong-buy” rating in a report on Monday, October 7th.

Tokyo Electron Stock Performance

Shares of OTCMKTS TOELY traded up $3.85 during mid-day trading on Thursday, hitting $83.02. 131,643 shares of the stock traded hands, compared to its average volume of 176,233. The stock has a fifty day moving average price of $79.64 and a 200-day moving average price of $83.61. The company has a market cap of $76.49 billion, a price-to-earnings ratio of 30.98 and a beta of 1.51. Tokyo Electron has a 52 week low of $68.83 and a 52 week high of $134.91.

Tokyo Electron (OTCMKTS:TOELY) last released its earnings results on Tuesday, November 12th. The company reported $0.86 earnings per share for the quarter. Tokyo Electron had a net margin of 21.32% and a return on equity of 24.79%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.70 billion. As a group, sell-side analysts predict that Tokyo Electron will post 3.23 EPS for the current fiscal year.

About Tokyo Electron

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.