ASM International NV (OTCMKTS:ASMIY) Sees Significant Growth in Short Interest

ASM International NV (OTCMKTS:ASMIYGet Rating) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,800 shares, an increase of 28.6% from the June 30th total of 1,400 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is presently 0.1 days.

ASM International Stock Down 0.4 %

Shares of ASM International stock opened at $305.89 on Monday. ASM International has a 12 month low of $201.38 and a 12 month high of $497.06. The business has a fifty day simple moving average of $265.55 and a 200 day simple moving average of $307.65. The stock has a market cap of $14.85 billion, a PE ratio of 24.37 and a beta of 1.61.

ASM International Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 27th. Investors of record on Thursday, May 19th were paid a dividend of $2.3356 per share. The ex-dividend date was Wednesday, May 18th. This represents a dividend yield of 0.77%. ASM International’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASMIY. UBS Group cut their price objective on ASM International from €400.00 ($408.16) to €370.00 ($377.55) and set a “buy” rating for the company in a research report on Thursday, July 21st. Barclays upgraded ASM International from an “equal weight” rating to an “overweight” rating and set a $425.00 target price for the company in a research report on Tuesday, April 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $381.00.

About ASM International

(Get Rating)

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials that are used to produce semiconductor devices in the United States, Europe, and Asia. Its products include wafer processing deposition systems for single-wafer atomic layer deposition, plasma enhanced chemical vapor deposition, epitaxy, and batch diffusion/furnace systems, as well as provides spare parts and support services.

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