Camtek Incorporated (NASDAQ:CAMT) Reports Decline in Sellers; Strong Momentum for Longs

September 17, 2017 - By Vivian Park

 Camtek Incorporated (NASDAQ:CAMT) Reports Decline in Sellers; Strong Momentum for Longs

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. The stock of Camtek LTD. (NASDAQ:CAMT) earned “Buy” rating by B. Riley & Co on Thursday, August 3. On Friday, February 12 the stock rating was maintained by Needham with “Buy”. Chardan Capital Markets maintained the stock with “Buy” rating in Thursday, July 30 report. The stock has “Hold” rating by Needham on Tuesday, June 27. The firm has “Hold” rating by Zacks given on Thursday, August 6. The company was upgraded on Friday, September 4 by Zacks. The stock of Camtek LTD. (NASDAQ:CAMT) has “Buy” rating given on Friday, July 22 by Needham. The company was initiated on Monday, July 27 by Needham. B. Riley & Co maintained Camtek LTD. (NASDAQ:CAMT) rating on Friday, July 21. B. Riley & Co has “Buy” rating and $600 target.

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 Seekingalpha.com with their article: “Camtek: Our Strategy For Continued Growth Into 2017 And Beyond” published on January 09, 2017, Fool.com published: “Why Shares of Camtek Ltd. Are Falling Today” on June 07, 2017. More interesting news about Camtek LTD. (NASDAQ:CAMT) were released by: Prnewswire.com and their article: “Camtek Ltd. and Bistel Inc. Have Partnered to Launch a Comprehensive Yield …” published on January 09, 2017 as well as Prnewswire.com‘s news article titled: “Camtek Announces Record First Quarter 2017 Results” with publication date: May 09, 2017.

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