Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Up 49.8% in December

Tokyo Electron Limited (OTCMKTS:TOELY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 47,500 shares, a growth of 49.8% from the November 30th total of 31,700 shares. Based on an average trading volume of 316,100 shares, the days-to-cover ratio is currently 0.2 days.

Tokyo Electron Stock Up 0.9 %

Shares of TOELY stock opened at $76.80 on Monday. The company’s 50 day moving average is $76.02 and its 200 day moving average is $88.05. The firm has a market cap of $70.76 billion, a price-to-earnings ratio of 28.66 and a beta of 1.51. Tokyo Electron has a 52-week low of $68.83 and a 52-week high of $134.91.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of 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.