Camtek Incorporated (NASDAQ:CAMT)’s Trend Up, Especially After Decreased Shorts

September 17, 2017 - By Adrian Mccoy

 Camtek Incorporated (NASDAQ:CAMT)’s Trend Up, Especially After Decreased Shorts

The stock of Camtek Incorporated (NASDAQ:CAMT) registered a decrease of 20.35% in short interest. CAMT’s total short interest was 247,700 shares in September as published by FINRA. Its down 20.35% from 311,000 shares, reported previously. With 177,400 shares average volume, it will take short sellers 1 days to cover their CAMT’s short positions. The short interest to Camtek Incorporated’s float is 1.32%.

The stock decreased 0.39% or $0.02 on September 15, reaching $5.08. About 50,797 shares traded. Camtek LTD. (NASDAQ:CAMT) has risen 166.84% since September 17, 2016 and is uptrending. It has outperformed by 150.14% the S&P500.

Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board industries. The company has market cap of $177.50 million. The Firm designs, develops, makes and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT). It currently has negative earnings. The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components for defects caused during the manufacturing process.

Camtek LTD. (NASDAQ:CAMT) Ratings Coverage

Among 4 analysts covering Camtek Ltd (NASDAQ:CAMT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Camtek Ltd had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Chardan Capital Markets on Thursday, July 30 with “Buy”. The stock of Camtek LTD. (NASDAQ:CAMT) has “Buy” rating given on Monday, July 27 by Needham. The stock of Camtek LTD. (NASDAQ:CAMT) has “Buy” rating given on Friday, February 12 by Needham. The firm has “Buy” rating given on Thursday, August 3 by B. Riley & Co. Needham maintained it with “Buy” rating and $4 target in Friday, July 22 report. The rating was upgraded by Zacks on Thursday, August 6 to “Hold”. The stock has “Buy” rating by B. Riley & Co on Friday, July 21. Needham downgraded Camtek LTD. (NASDAQ:CAMT) on Tuesday, June 27 to “Hold” rating. Zacks upgraded Camtek LTD. (NASDAQ:CAMT) rating on Friday, September 4. Zacks has “Buy” rating and $3 target.

More notable recent Camtek LTD. (NASDAQ:CAMT) news were published by: Prnewswire.com which released: “Camtek Announces Record First Quarter 2017 Results” on May 09, 2017, also Seekingalpha.com with their article: “Camtek: Our Strategy For Continued Growth Into 2017 And Beyond” published on January 09, 2017, Fool.com published: “Why Camtek Ltd.’s Stock Fell Sharply on Tuesday” on June 27, 2017. More interesting news about Camtek LTD. (NASDAQ:CAMT) were released by: Prnewswire.com and their article: “Camtek Reaches Final Settlement with Rudolph Technologies” published on July 31, 2017 as well as Seekingalpha.com‘s news article titled: “Camtek: Why We Sold Our PCB Activity” with publication date: July 20, 2017.

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