Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Update

Tokyo Electron Limited (OTCMKTS:TOELY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 92,200 shares, a growth of 94.1% from the December 15th total of 47,500 shares. Based on an average daily trading volume, of 254,700 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

Tokyo Electron Trading Up 0.4 %

TOELY stock traded up $0.37 during midday trading on Wednesday, hitting $83.45. The company’s stock had a trading volume of 179,934 shares, compared to its average volume of 155,015. The company has a market cap of $76.89 billion, a PE ratio of 31.14 and a beta of 1.51. The firm’s 50-day moving average is $77.04 and its 200-day moving average is $85.61. Tokyo Electron has a 12 month low of $68.83 and a 12 month high of $134.91.

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.