Short Interest in Tokyo Electron Ltd. (OTCMKTS:TOELY) Declines By 88.7%

Tokyo Electron Ltd. (OTCMKTS:TOELY) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 61,623 shares, a decline of 88.7% from the June 30th total of 544,711 shares. Based on an average daily trading volume, of 617,939 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Tokyo Electron has an average rating of “Strong Buy”.

Tokyo Electron Price Performance

Shares of TOELY opened at $188.09 on Friday. Tokyo Electron has a 1-year low of $66.10 and a 1-year high of $249.37. The stock has a market cap of $176.07 billion, a price-to-earnings ratio of 45.54 and a beta of 1.88. The firm has a 50 day simple moving average of $202.98 and a 200-day simple moving average of $159.16.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.