Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Up 141.3% in November

Tokyo Electron Limited (OTCMKTS:TOELY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 102,800 shares, a growth of 141.3% from the October 31st total of 42,600 shares. Based on an average daily volume of 330,000 shares, the days-to-cover ratio is currently 0.3 days.

Tokyo Electron Stock Performance

Shares of TOELY opened at $72.35 on Friday. The company has a 50 day moving average price of $79.36 and a 200-day moving average price of $93.48. Tokyo Electron has a fifty-two week low of $68.83 and a fifty-two week high of $134.91. The stock has a market capitalization of $66.66 billion, a PE ratio of 21.47 and a beta of 1.52.

Wall Street Analyst Weigh In

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

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.