ACM Research, Inc. (NASDAQ:ACMR) Short Interest Update

ACM Research, Inc. (NASDAQ:ACMR) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,490,000 shares, a drop of 16.7% from the January 15th total of 4,190,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is presently 2.4 days.

ACM Research Stock Up 2.5 %

ACMR opened at $23.78 on Friday. ACM Research has a one year low of $13.87 and a one year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock’s fifty day moving average is $17.61 and its 200-day moving average is $18.13. The company has a market capitalization of $1.37 billion, a PE ratio of 18.02 and a beta of 1.58.

Insiders Place Their Bets

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company’s stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Haiping Dun sold 15,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now directly owns 774,148 shares in the company, valued at approximately $14,801,709.76. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 150,098 shares of company stock valued at $2,886,117 in the last quarter. Insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently modified their holdings of ACMR. Tower Research Capital LLC TRC grew its holdings in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ACM Research in the 4th quarter worth $33,000. Erste Asset Management GmbH acquired a new position in shares of ACM Research in the 3rd quarter worth $37,000. Picton Mahoney Asset Management grew its holdings in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of ACM Research in the 3rd quarter worth $72,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACMR. Craig Hallum cut ACM Research from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.