Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Decreases By 69.2%

Tokyo Electron Limited (OTCMKTS:TOELY) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 31,700 shares, a decrease of 69.2% from the November 15th total of 102,800 shares. Based on an average daily volume of 321,100 shares, the days-to-cover ratio is currently 0.1 days.

Tokyo Electron Stock Down 2.5 %

OTCMKTS TOELY traded down $1.98 on Friday, reaching $78.04. The company had a trading volume of 181,709 shares, compared to its average volume of 173,411. The firm’s 50 day moving average price is $77.93 and its 200 day moving average price is $91.06. Tokyo Electron has a 12 month low of $68.83 and a 12 month high of $134.91. The stock has a market capitalization of $71.90 billion, a PE ratio of 23.74 and a beta of 1.51.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised 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.