Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 575,200 shares, a drop of 8.5% from the June 30th total of 628,600 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average trading volume of 78,200 shares, the days-to-cover ratio is presently 7.4 days.
NASDAQ AOSL opened at $11.42 on Friday. The firm’s fifty day moving average price is $9.68 and its two-hundred day moving average price is $10.47. The stock has a market cap of $274.98 million, a PE ratio of 16.31 and a beta of 1.08. Alpha and Omega Semiconductor has a fifty-two week low of $8.22 and a fifty-two week high of $15.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.83.
A number of research analysts recently issued reports on AOSL shares. Zacks Investment Research raised shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday. ValuEngine raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Loop Capital started coverage on shares of Alpha and Omega Semiconductor in a research note on Tuesday, June 18th. They issued a “buy” rating and a $13.00 price objective on the stock.
Alpha and Omega Semiconductor Company Profile
Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.
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