GT Advanced Technologies Inc fka GTAT

[lecorb]

Short Interest in GTATQ Drops By 36.4%
October 31st, 2014

Shares of GT Advanced Technologies (OTC:GTATQ) were the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 38,901,736 shares, a drop of 36.4% from the September 30th total of 61,167,834 shares, Analyst RN reports. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 94,864,282 shares, the short-interest ratio is currently 0.4 days.

A number of analysts have recently weighed in on GTATQ shares. Analysts at Dougherty & Co downgraded shares of GT Advanced Technologies from a “buy” rating to a “sell” rating in a research note on Wednesday, September 10th. Separately, analysts at Piper Jaffray downgraded shares of GT Advanced Technologies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 10th. They now have a $16.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of GT Advanced Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 10th. They now have a $14.00 price target on the stock, down previously from $20.00. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.57.

GT Advanced Technologies (OTC:GTATQ) opened at 0.465 on Friday. GT Advanced Technologies has a 52-week low of $0.31 and a 52-week high of $20.54. The stock’s 50-day moving average is $5.81 and its 200-day moving average is $13.62. The company’s market cap is $64.0 million.

GT Advanced Technologies Inc is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (OTC:GTATQ) and electronics industries.

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