Short Interest: Is Buying Aehr Test Systems (NASDAQ:AEHR), Having Higher Short Interest a Winning Strategy?

November 23, 2016 - By Dolores Ford   ·   0 Comments

Short Interest: Is Buying Aehr Test Systems (NASDAQ:AEHR), Having Higher Short Interest a Winning Strategy?

The stock of Aehr Test Systems (NASDAQ:AEHR) registered an increase of 118.87% in short interest. AEHR’s total short interest was 247,100 shares in November as published by FINRA. Its up 118.87% from 112,900 shares, reported previously. With 181,300 shares average volume, it will take short sellers 1 days to cover their AEHR’s short positions. The short interest to Aehr Test Systems’s float is 1.9%. About 6,355 shares traded hands. Aehr Test Systems (NASDAQ:AEHR) has risen 92.31% since April 21, 2016 and is uptrending. It has outperformed by 86.98% the S&P500.

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The company has a market cap of $48.25 million. The Firm makes and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories. It currently has negative earnings. The Company’s principal products are the Advanced Burn-In and Test System , the FOX full wafer contact parallel test and burn-in systems, WaferPak full wafer contactor, the DiePak carrier and test fixtures.

Insitutional Activity: The institutional sentiment increased to 1.75 in Q2 2016. Its up 1.25, from 0.5 in 2016Q1. The ratio increased, as 2 funds sold all Aehr Test Systems shares owned while 4 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 289,127 shares or 9.15% less from 318,256 shares in 2016Q1.
Renaissance Technology Llc reported 74,600 shares or 0% of all its holdings. Morgan Stanley holds 0% of its portfolio in Aehr Test Systems (NASDAQ:AEHR) for 19,669 shares. The Pennsylvania-based Vanguard Grp has invested 0% in Aehr Test Systems (NASDAQ:AEHR). Citadel Advisors Lc accumulated 0% or 12,012 shares. Minerva Advsr Limited Liability Corp reported 58,702 shares or 0.06% of all its holdings. Blackrock Fund has invested 0% of its portfolio in Aehr Test Systems (NASDAQ:AEHR). The Massachusetts-based Geode Capital Management Lc has invested 0% in Aehr Test Systems (NASDAQ:AEHR). Tower Capital Lc (Trc) holds 0% of its portfolio in Aehr Test Systems (NASDAQ:AEHR) for 1,330 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 20 insider sales for $1.67 million net activity. ELDER WILLIAM W R sold $13,794 worth of stock. POSEDEL RHEA J sold $2,988 worth of stock. Shares for $463,049 were sold by Schneider John M.. 20,000 shares with value of $55,900 were sold by HENDRICKSON DAVID S on Friday, October 14. SANO KUNIO also sold $34,752 worth of Aehr Test Systems (NASDAQ:AEHR) on Monday, October 31. 20,000 shares were sold by Erickson Gayn, worth $58,026. 600 shares with value of $1,788 were sold by BUCK CARL N on Thursday, October 20.

AEHR Company Profile

Aehr Test Systems, incorporated on May 25, 1977, is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Firm makes and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, WaferPak full wafer contactor, the DiePak carrier and test fixtures. The Firm develops, makes and sells systems, which are designed to perform reliability screening, or burn-in, of complex logic devices, memory integrated circuits (ICs), sensors and optical devices. These systems can be used to perform parallel testing and burn-in of packaged ICs, singulated bare die or ICs still in wafer form.

More recent Aehr Test Systems (NASDAQ:AEHR) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on August 13, 2009. Also Seekingalpha.com published the news titled: “Aehr Test Systems’ (AEHR) CEO Gayn Erickson on Q4 2016 Results – Earnings Call …” on July 27, 2016. Seekingalpha.com‘s news article titled: “Aehr Test Systems’ (AEHR) CEO Gayn Erickson on Q3 2016 Results – Earnings Call …” with publication date: March 24, 2016 was also an interesting one.

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By Dolores Ford

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