Short Interest in ASM International NV (OTCMKTS:ASMIY) Declines By 60.0%

ASM International NV (OTCMKTS:ASMIY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 200 shares, a decline of 60.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of ASM International from an “equal weight” rating to an “overweight” rating in a report on Thursday, June 20th.

ASM International Trading Up 1.4 %

ASMIY traded up $8.66 during trading on Friday, reaching $629.20. The stock had a trading volume of 13,081 shares, compared to its average volume of 5,235. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 52.70 and a beta of 1.64. The stock’s 50 day moving average is $673.16 and its two-hundred day moving average is $670.70. ASM International has a one year low of $375.35 and a one year high of $813.23.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.59). ASM International had a return on equity of 17.74% and a net margin of 21.26%. The business had revenue of $760.07 million during the quarter. On average, equities research analysts predict that ASM International will post 16.41 earnings per share 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.