Tokyo Electron Limited (OTCMKTS:TOELY) Short Interest Up 141.3% in November

Tokyo Electron Limited (OTCMKTS:TOELY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 102,800 shares, a growth of 141.3% from the October 31st total of 42,600 shares. Based on an average trading volume of 330,000 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

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

Tokyo Electron Price Performance

Shares of TOELY traded down $0.30 on Thursday, reaching $72.35. The company’s stock had a trading volume of 137,755 shares, compared to its average volume of 174,200. The stock’s 50 day simple moving average is $79.36 and its two-hundred day simple moving average is $93.48. 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 $66.66 billion, a P/E ratio of 21.47 and a beta of 1.52.

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.