Does Camtek Incorporated (NASDAQ:CAMT) Have Gas After Even Less Sellers Involved?

September 17, 2017 - By Michael Collier

 Does Camtek Incorporated (NASDAQ:CAMT) Have Gas After Even Less Sellers Involved?

The stock of Camtek Incorporated (NASDAQ:CAMT) registered a decrease of 20.35% in short interest. CAMT’s total short interest was 247,700 shares in September as published by FINRA. Its down 20.35% from 311,000 shares, reported previously. With 177,400 shares average volume, it will take short sellers 1 days to cover their CAMT’s short positions. The short interest to Camtek Incorporated’s float is 1.32%.

The stock decreased 0.39% or $0.02 on September 15, reaching $5.08. About 50,797 shares traded. Camtek LTD. (NASDAQ:CAMT) has risen 166.84% since September 17, 2016 and is uptrending. It has outperformed by 150.14% the S&P500.

Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board industries. The company has market cap of $177.50 million. The Firm designs, develops, makes and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT). It currently has negative earnings. The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components for defects caused during the manufacturing process.

Camtek LTD. (NASDAQ:CAMT) Ratings Coverage

Among 4 analysts covering Camtek Ltd (NASDAQ:CAMT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Camtek Ltd had 9 analyst reports since July 27, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $4 target in Friday, July 22 report. The firm earned “Buy” rating on Thursday, August 3 by B. Riley & Co. The stock has “Hold” rating by Zacks on Thursday, August 6. Zacks upgraded it to “Buy” rating and $3 target in Friday, September 4 report. Chardan Capital Markets maintained the stock with “Buy” rating in Thursday, July 30 report. The stock of Camtek LTD. (NASDAQ:CAMT) has “Buy” rating given on Friday, July 21 by B. Riley & Co. The stock of Camtek LTD. (NASDAQ:CAMT) has “Buy” rating given on Friday, February 12 by Needham. The firm has “Buy” rating by Needham given on Monday, July 27. The stock has “Hold” rating by Needham on Tuesday, June 27.

More notable recent Camtek LTD. (NASDAQ:CAMT) news were published by: Prnewswire.com which released: “Camtek Reaches Final Settlement with Rudolph Technologies” on July 31, 2017, also Prnewswire.com with their article: “Camtek Announces Record First Quarter 2017 Results” published on May 09, 2017, Seekingalpha.com published: “Camtek: Why We Sold Our PCB Activity” on July 20, 2017. More interesting news about Camtek LTD. (NASDAQ:CAMT) were released by: Fool.com and their article: “Why Shares of Camtek Ltd. Are Falling Today” published on June 07, 2017 as well as Fool.com‘s news article titled: “Why Camtek Ltd.’s Stock Fell Sharply on Tuesday” with publication date: June 27, 2017.

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