Time to Reconsider ASM PACIFIC TECHNOLOGY LTD ORDINARY SHAR (OTCMKTS:ASMVF) After Less Short Sellers?

June 19, 2018 - By Darrin Black

The stock of ASM PACIFIC TECHNOLOGY LTD ORDINARY SHAR (OTCMKTS:ASMVF) registered a decrease of 20.42% in short interest. ASMVF’s total short interest was 7.17 million shares in June as published by FINRA. Its down 20.42% from 9.01 million shares, reported previously. With 6,900 shares average volume, it will take short sellers 1040 days to cover their ASMVF’s short positions.

It closed at $12.5 lastly. It is down 0.00% since June 19, 2017 and is . It has underperformed by 12.57% the S&P500.

ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. The company has market cap of $5.41 billion. It operates through three divisions: Back-end Equipment, Surface Mount Technology Solutions, and Materials. It has a 14.99 P/E ratio. The Back-end Equipment segment makes and markets a line of assembly and packaging equipment for the microelectronics, semiconductor, photonics, and optoelectronics industries.

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