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.
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