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

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

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Tokyo Electron to a “strong-buy” rating in a research report on Monday, October 7th.

Tokyo Electron Price Performance

Shares of OTCMKTS TOELY traded down $0.30 during trading on Thursday, reaching $72.35. 137,755 shares of the stock traded hands, compared to its average volume of 174,200. The stock has a market capitalization of $66.66 billion, a P/E ratio of 21.47 and a beta of 1.52. Tokyo Electron has a 52-week low of $68.83 and a 52-week high of $134.91. The company has a 50-day moving average of $79.36 and a 200-day moving average of $93.48.

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.