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Top Stock Picks for 2023: Aehr Test Systems

Poland looks to South Korea to build 2nd nuclear power plantBiedex Markets - stockmarket news, ideas tools, data, analysisBusiness
Poland looks to South Korea to build 2nd nuclear power plantBiedex Markets - stockmarket news, ideas tools, data, analysisBusiness

Every day for the next week, we’re going to highlight one of Schaeffer’s top seven picks for 2023. First up, we have semiconductor Aehr Test Systems (NASDAQ:AEHR). To access the entirety of the 2023 report, click here.

Aehr Test Systems (AEHR) was one of the strongest semiconductor performers in 2022 and is now up more than 270% from its 2022 lows. The shares are up 65% year-over-year and nearing all-time closing high territory.

Short interest has increased over 200% since mid-July and could lead to a capitulation event, as 16% of the stock’s total available float is sold short. There also looks to be plenty of room for analyst activity to increase on the equity. This is per the lone analyst that sports coverage on AEHR with a “strong buy” rating. 

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Written by Steve Ives