Advantest Co. (OTCMKTS:ATEYY – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,600 shares, a decrease of 98.2% from the September 30th total of 89,500 shares. Based on an average daily trading volume, of 142,100 shares, the days-to-cover ratio is currently 0.0 days.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised Advantest to a “strong-buy” rating in a research report on Monday, October 7th.
View Our Latest Research Report on ATEYY
Advantest Stock Performance
Advantest (OTCMKTS:ATEYY – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter. The company had revenue of $889.88 million for the quarter, compared to the consensus estimate of $680.79 million. Advantest had a return on equity of 18.20% and a net margin of 14.65%. As a group, research analysts anticipate that Advantest will post 0.8 earnings per share for the current year.
About Advantest
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.
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