ASM International NV Experiences Significant Short Interest Growth

ASM International NV (OTCMKTS:ASMIY - Get Free Report) experienced a considerable increase in short interest during March. As of March 15th, the total short interest was recorded at 4,700 shares, marking a remarkable rise of 176.5% compared to the 1,700 shares noted on February 28th. Currently, none of the company's shares are being sold short.

With an average daily trading volume of 21,400 shares, the days-to-cover ratio stands at just 0.2 days, indicating that it would take a short time to cover existing short positions.

ASM International Stock Performance

On Thursday, shares of ASM International began trading at $483.65. The stock is currently tracking below its fifty-day moving average of $554.60 and its two-hundred day moving average of $573.36. The company boasts a market capitalization of approximately $23.74 billion, a price-to-earnings (P/E) ratio of 40.00, and a beta of 1.67. Over the past year, ASM International has seen a low of $446.01 and a high of $813.23.

The company's most recent earnings report was published on February 25th, revealing an earnings per share (EPS) of $5.01 for the quarter. This performance exceeded the consensus estimate of $4.14 by $0.87. Additionally, the company generated revenue of $863.04 million for the quarter, which slightly fell short of the expected $865.31 million. ASM International achieved a net margin of 19.98% and a return on equity of 17.10%. Analysts forecast an EPS of 14.46 for the current year.

Analyst Recommendations

In a separate development, BNP Paribas initiated coverage of ASM International shares in a report issued on December 3rd, assigning a "neutral" rating along with a price target of $561.00 for the company.

Company Overview

ASM International NV, along with its subsidiaries, is engaged in the research, development, manufacture, marketing, and servicing of equipment and materials used for the production of semiconductor devices in Europe, the United States, and Asia. The firm provides a range of products including wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma-enhanced chemical vapor deposition (PECVD), and vertical furnace systems. They also supply spare parts and support services for their offerings.

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