Company shares last traded at $3.72 a bit higher than $3.52, the 50 day moving average and just below the 200 day moving average of $3.87. The 50 day moving average was up $0.20 and the 200 day average went down by -3.79%. (NASDAQ:AEHR) shares saw light trading volume with 2,793 shares changing hands on Tuesday. Overall, volume was down 92.08% under the stocks normal daily volume.
Traders are more bullish on the company lately as inferred by the fall in short interest. The company experienced a fall in short interest of -14.90% as of September 29, 2017 from the last reporting period. Short shares fell 89,766 over that period. With short interest at 512,549 and short average daily volume at 138,015, the short-interest ratio is 4.0 and the percentage of shorted shares was 23.93% on September 29.
Aehr Test Systems (NASDAQ:AEHR) has been the object of insider selling activity recently. Carl N. Buck, VP OF MARKETING reported the sale of 5,500 shares. The shares were purchased at an average price of $3.86. Buck now owns $355,575 of the stock according to the SEC filing. Carl N. Buck, VP OF MARKETING sold $9,275 worth of shares at an average price of $3.71 on October 5th. That brings Buck’s holdings to $352,888 as recorded in a recent Form 4 SEC filing.
VP OF ENGINEERING David S. Hendrickson sold 5,000 shares at an average price of $3.52 on Tue the 19th. The VP OF ENGINEERING now owns $71,636 of the stock per an SEC filing yesterday.
These firms have modified their investment in AEHR. Manatuck Hill Partners, LLC reduced its position by selling 115,000 shares a decrease of 65.7% in the quarter. Manatuck Hill Partners, LLC currently owns 60,000 shares worth $225,000. The total value of its holdings decreased 73.3%. Eam Investors, LLC expanded its ownership by buying 140,910 shares an increase of 115.4%. Eam Investors, LLC owns 263,019 shares valued at $986,000. The value of the position overall is up by 68.0%.
As of quarter end G2 Investment Partners Management LLC had bought a total of 58,917 shares growing its position 7.8%. The value of the investment in AEHR decreased from $3,626,000 to $3,049,000 decreasing 15.9% since the last quarter. As of the end of the quarter Awm Investment Company, Inc. had acquired 753,965 shares growing its stake by 130.2%. The value of the company’s investment in Aehr Test Systems went from $2,785,000 to $4,998,000 a change of $2,213,000 quarter over quarter.
Aehr Test Systems, launched on May 25, 1977, is involved in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories. The Business’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 Company develops, manufactures 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..