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Aehr Test Systems (NASDAQ:AEHR) Short Interest Update

Defense World ·  May 1, 2023 15:03

Aehr Test Systems (NASDAQ:AEHR – Get Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,160,000 shares, a growth of 17.0% from the March 31st total of 4,410,000 shares. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is currently 3.3 days.

Aehr Test Systems Stock Up 2.4 %

AEHR opened at $24.75 on Monday. Aehr Test Systems has a twelve month low of $6.71 and a twelve month high of $40.69. The company has a 50-day moving average price of $31.24 and a 200 day moving average price of $27.55. The company has a market cap of $701.42 million, a PE ratio of 50.51 and a beta of 1.98.

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Aehr Test Systems (NASDAQ:AEHR – Get Rating) last announced its quarterly earnings data on Thursday, March 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Aehr Test Systems had a net margin of 22.61% and a return on equity of 24.98%. The business had revenue of $17.21 million for the quarter, compared to analysts' expectations of $17.00 million. During the same period in the prior year, the company posted $0.11 EPS. As a group, sell-side analysts expect that Aehr Test Systems will post 0.46 earnings per share for the current year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Geoffrey Gates Scott sold 30,000 shares of Aehr Test Systems stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $28.21, for a total value of $846,300.00. Following the transaction, the director now directly owns 59,668 shares of the company's stock, valued at $1,683,234.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Geoffrey Gates Scott sold 30,000 shares of the business's stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $28.21, for a total transaction of $846,300.00. Following the sale, the director now directly owns 59,668 shares of the company's stock, valued at $1,683,234.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mario M. Rosati sold 2,500 shares of the company's stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $36.27, for a total transaction of $90,675.00. Following the completion of the sale, the director now directly owns 1,201 shares in the company, valued at $43,560.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,443 shares of company stock valued at $4,832,085. 11.30% of the stock is currently owned by insiders.

Institutional Trading of Aehr Test Systems

Hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new stake in shares of Aehr Test Systems in the 4th quarter valued at approximately $27,000. Ameritas Advisory Services LLC purchased a new stake in shares of Aehr Test Systems in the 1st quarter valued at approximately $31,000. HBK Sorce Advisory LLC boosted its position in shares of Aehr Test Systems by 100.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 30,000 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 15,000 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Aehr Test Systems during the 4th quarter worth approximately $34,000. Finally, Optimum Investment Advisors purchased a new position in shares of Aehr Test Systems during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 42.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AEHR shares. TheStreet downgraded shares of Aehr Test Systems from a "b-" rating to a "c+" rating in a research report on Monday, April 3rd. StockNews.com downgraded shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a research report on Monday, April 3rd. Finally, Craig Hallum upped their price target on shares of Aehr Test Systems from $31.00 to $45.00 in a research report on Friday, January 20th.

About Aehr Test Systems

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Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.

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