What Will Happen to Axcelis Tech Incorporated (NASDAQ:ACLS) Next? The Stock Has Decline in Shorts

June 20, 2017 - By Vivian Park

 What Will Happen to Axcelis Tech Incorporated (NASDAQ:ACLS) Next? The Stock Has Decline in Shorts

The stock of Axcelis Tech Incorporated (NASDAQ:ACLS) registered a decrease of 18.77% in short interest. ACLS’s total short interest was 726,800 shares in June as published by FINRA. Its down 18.77% from 894,700 shares, reported previously. With 510,600 shares average volume, it will take short sellers 1 days to cover their ACLS’s short positions. The short interest to Axcelis Tech Incorporated’s float is 2.72%.

It closed at $24 lastly. It is down 132.61% since June 20, 2016 and is uptrending. It has outperformed by 115.91% the S&P500.

Axcelis Technologies, Inc. designs, makes and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company has market cap of $736.10 million. The Firm also provides aftermarket lifecycle services and products, including used tools, spare parts, equipment upgrades, maintenance services and customer training. It has a 40.69 P/E ratio. The Firm offers a complete line of high energy, high current and medium current implanters for all application requirements.

Axcelis Technologies Inc (NASDAQ:ACLS) Ratings Coverage

Among 4 analysts covering Axcelis Technologies (NASDAQ:ACLS), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Axcelis Technologies had 5 analyst reports since August 8, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, January 13. As per Saturday, August 8, the company rating was upgraded by TheStreet. The stock of Axcelis Technologies Inc (NASDAQ:ACLS) has “Buy” rating given on Wednesday, October 5 by Needham. Benchmark maintained the shares of ACLS in report on Thursday, November 5 with “Buy” rating. The firm earned “Hold” rating on Tuesday, September 22 by TheStreet.

More notable recent Axcelis Technologies Inc (NASDAQ:ACLS) news were published by: Fool.com which released: “Why Shares of Axcelis Technologies Popped Today” on May 05, 2017, also Zacks.com with their article: “Axcelis (ACLS) Catches Eye: Stock Jumps 5.4% in Session” published on June 05, 2017, Streetinsider.com published: “Axcelis Technologies (ACLS): Buy On The Pullback – Needham” on June 16, 2017. More interesting news about Axcelis Technologies Inc (NASDAQ:ACLS) were released by: Streetinsider.com and their article: “Axcelis Technologies (ACLS) Reports Several Follow On Orders For Purion Products” published on June 15, 2017 as well as Seekingalpha.com‘s news article titled: “Axcelis Is Due For A Breather” with publication date: May 10, 2017.

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