Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Update

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

Tokyo Electron Stock Performance

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

Wall Street Analysts Forecast Growth

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

About Tokyo Electron

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.