Lasertec Co. (OTCMKTS:LSRCY) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 7,500 shares, a drop of 75.7% from the August 15th total of 30,900 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is currently 0.1 days.
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Lasertec from an “overweight” rating to a “neutral” rating in a report on Thursday, July 1st. The Goldman Sachs Group lowered shares of Lasertec from a “buy” rating to a “neutral” rating in a report on Monday, July 12th. Finally, Mizuho lowered shares of Lasertec from a “buy” rating to a “neutral” rating in a report on Monday, June 7th.
OTCMKTS:LSRCY traded down $1.54 during trading hours on Thursday, hitting $51.37. 47,218 shares of the company were exchanged, compared to its average volume of 123,737. Lasertec has a 52-week low of $15.00 and a 52-week high of $53.72. The company’s 50 day moving average is $41.31.
Lasertec Corporation develops, manufactures, sells, and services semiconductor-related equipment, energy efficiency and environment products, laser microscopes, and flat panel display-related equipment worldwide. The company provides systems used to inspect and measure defects on semiconductor photomasks and wafers; wafer inspection and measurement equipment, such as lithography process inspection systems and coating thickness non-uniformity inspection systems; systems used to inspect and review SiC and transparent wafers, which have applications in electric power systems, and railway, office, and consumer equipment.
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