Applied Industrial Technologies

AIT

Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones and televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, in Silicon Valley.

Applied Industrial Technologies has been a target of short sellers for a while. The current short interest of 2.01% is roughly at the average of the last 12 months (2.21%).