Aehr Test Systems (NASDAQ:AEHR – Get Rating) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,510,000 shares, a growth of 49.5% from the July 15th total of 1,010,000 shares. Based on an average daily trading volume, of 610,400 shares, the days-to-cover ratio is presently 2.5 days.
Aehr Test Systems Stock Performance
Shares of Aehr Test Systems stock traded up $1.33 during trading hours on Friday, reaching $17.76. The company's stock had a trading volume of 1,080,539 shares, compared to its average volume of 1,473,152. The company's 50 day simple moving average is $9.93 and its 200 day simple moving average is $10.10. Aehr Test Systems has a one year low of $5.08 and a one year high of $27.09. The stock has a market cap of $478.10 million, a P/E ratio of 52.24 and a beta of 1.67.
Get
Aehr Test Systems alerts:
Aehr Test Systems (NASDAQ:AEHR – Get Rating) last released its earnings results on Tuesday, July 19th. The semiconductor company reported $0.20 EPS for the quarter. Aehr Test Systems had a net margin of 18.59% and a return on equity of 26.53%. The business had revenue of $20.29 million for the quarter.
Insiders Place Their Bets
In other Aehr Test Systems news, Director Howard T. Slayen sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $12.50, for a total transaction of $125,000.00. Following the transaction, the director now directly owns 210,762 shares in the company, valued at $2,634,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Howard T. Slayen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $12.50, for a total value of $125,000.00. Following the sale, the director now directly owns 210,762 shares in the company, valued at $2,634,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth B. Spink sold 6,819 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $15.67, for a total transaction of $106,853.73. Following the completion of the sale, the chief financial officer now owns 172,380 shares in the company, valued at $2,701,194.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,819 shares of company stock worth $554,354. 19.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On Aehr Test Systems
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at approximately $12,407,000. Collaborative Holdings Management LP boosted its holdings in shares of Aehr Test Systems by 24.1% during the 4th quarter. Collaborative Holdings Management LP now owns 1,533,440 shares of the semiconductor company's stock worth $37,079,000 after buying an additional 297,846 shares during the period. AWM Investment Company Inc. boosted its holdings in shares of Aehr Test Systems by 16.7% during the 2nd quarter. AWM Investment Company Inc. now owns 1,647,319 shares of the semiconductor company's stock worth $12,355,000 after buying an additional 236,329 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Aehr Test Systems during the 4th quarter worth $5,423,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Aehr Test Systems during the 4th quarter worth $4,982,000. Institutional investors and hedge funds own 41.14% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a research report on Saturday, August 6th.
About Aehr Test Systems
(Get Rating)
Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.
Read More
- Get a free copy of the StockNews.com research report on Aehr Test Systems (AEHR)
- MarketBeat: Week in Review 8/8 – 8/12
- 2 Important Retail Stock Battles to Watch
- What Is WallStreetBets and What Stocks Are They Targeting?
- Institutions And Analysts Propel Jack In The Box Higher
- Can You Guess Which EV Stock Is Beating Tesla ?
Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.
