Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Expands By 141.3%

Tokyo Electron Limited (OTCMKTS:TOELY) was the recipient of a large growth in short interest during 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 trading volume of 330,000 shares, the days-to-cover ratio is presently 0.3 days.

Tokyo Electron Stock Performance

Shares of OTCMKTS TOELY opened at $72.35 on Friday. The business’s 50 day moving average price is $79.36 and its 200-day moving average price is $93.48. The company has a market cap of $66.66 billion, a price-to-earnings ratio of 21.47 and a beta of 1.52. Tokyo Electron has a fifty-two week low of $68.83 and a fifty-two week high of $134.91.

Wall Street Analysts Forecast Growth

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

Tokyo Electron Company Profile

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.