Lasertec Co. (OTCMKTS:LSRCY) Sees Significant Decrease in Short Interest

Lasertec Co. (OTCMKTS:LSRCY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 74,625 shares, a drop of 85.4% from the August 15th total of 509,944 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 277,842 shares, the days-to-cover ratio is currently 0.3 days.

Lasertec Price Performance

Shares of OTCMKTS LSRCY traded up $0.16 during mid-day trading on Friday, hitting $45.70. The stock had a trading volume of 79,159 shares, compared to its average volume of 124,008. The company has a 50 day moving average of $48.83 and a two-hundred day moving average of $50.33. Lasertec has a twelve month low of $21.68 and a twelve month high of $72.89.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Lasertec from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Lasertec Company Profile

Lasertec Corporation is a Japan-based manufacturer of inspection and measurement equipment used in advanced manufacturing. The company is best known for systems that inspect semiconductor photomasks and mask blanks, which are critical components in the lithography process used to produce integrated circuits.

Lasertec’s product portfolio includes inspection systems for extreme ultraviolet (EUV) and other semiconductor lithography applications, as well as equipment for detecting defects and measuring surface characteristics.