Short Interest in Aehr Test Systems (NASDAQ:AEHR) Decreases By 5.2%

Aehr Test Systems (NASDAQ:AEHR) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 281,100 shares, a decrease of 5.2% from the May 15th total of 296,400 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 92,600 shares, the days-to-cover ratio is presently 3.0 days.

NASDAQ:AEHR traded down $0.05 during mid-day trading on Friday, reaching $1.59. 324,180 shares of the company were exchanged, compared to its average volume of 22,760. Aehr Test Systems has a 12 month low of $1.03 and a 12 month high of $2.82. The firm’s fifty day moving average is $1.62.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.01 EPS for the quarter. Aehr Test Systems had a negative net margin of 24.86% and a negative return on equity of 21.83%. The firm had revenue of $7.24 million for the quarter.

In other news, insider Kunio Sano sold 20,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the sale, the insider now owns 20,000 shares of the company’s stock, valued at approximately $31,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 24,999 shares of company stock worth $39,456. 18.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Heritage Investors Management Corp acquired a new position in Aehr Test Systems during the 1st quarter valued at about $27,000. B. Riley Financial Inc. lifted its position in Aehr Test Systems by 192.7% during the 1st quarter. B. Riley Financial Inc. now owns 673,096 shares of the semiconductor company’s stock valued at $929,000 after purchasing an additional 443,096 shares during the period. Finally, Royce & Associates LP lifted its position in Aehr Test Systems by 13.9% during the 4th quarter. Royce & Associates LP now owns 1,241,700 shares of the semiconductor company’s stock valued at $1,751,000 after purchasing an additional 151,400 shares during the period. Institutional investors own 27.42% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.

Read More: Why is insider trading harmful?

Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.