Short Interest in Aehr Test Systems (NASDAQ:AEHR) Drops By 5.2%

Aehr Test Systems (NASDAQ:AEHR) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,610,000 shares, a decrease of 5.2% from the March 15th total of 5,920,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is presently 3.4 days.

Analysts Set New Price Targets

AEHR has been the topic of several analyst reports. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Craig Hallum reiterated a “hold” rating and set a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. Finally, William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th.

Aehr Test Systems Stock Up 0.3 %

Shares of Aehr Test Systems stock opened at $11.59 on Wednesday. The stock’s 50-day simple moving average is $14.76 and its 200-day simple moving average is $21.99. Aehr Test Systems has a 52 week low of $10.53 and a 52 week high of $54.10. The company has a market capitalization of $335.18 million, a price-to-earnings ratio of 22.29 and a beta of 1.98.

Insider Activity

In other news, CEO Gayn Erickson sold 4,871 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $17.39, for a total transaction of $84,706.69. Following the transaction, the chief executive officer now directly owns 427,935 shares of the company’s stock, valued at approximately $7,441,789.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,201 shares of company stock valued at $125,225 in the last ninety days. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aehr Test Systems

Several large investors have recently made changes to their positions in the business. Bouvel Investment Partners LLC lifted its position in shares of Aehr Test Systems by 85.9% in the first quarter. Bouvel Investment Partners LLC now owns 54,594 shares of the semiconductor company’s stock valued at $677,000 after acquiring an additional 25,227 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Aehr Test Systems by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 1,508,759 shares of the semiconductor company’s stock valued at $40,027,000 after acquiring an additional 38,384 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Aehr Test Systems by 10.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 21,046 shares of the semiconductor company’s stock valued at $558,000 after acquiring an additional 2,023 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in shares of Aehr Test Systems in the fourth quarter valued at about $23,229,000. Finally, American International Group Inc. lifted its position in shares of Aehr Test Systems by 6.4% in the fourth quarter. American International Group Inc. now owns 13,734 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 822 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

About Aehr Test Systems

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.