Amtech Systems, Inc. (NASDAQ:ASYS – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 60,800 shares, a growth of 11.6% from the June 30th total of 54,500 shares. Based on an average trading volume of 45,700 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the stock are short sold.
Institutional Trading of Amtech Systems
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Amtech Systems during the fourth quarter worth $39,000. Villere ST Denis J & Co. LLC acquired a new stake in Amtech Systems in the 1st quarter worth about $108,000. Kovack Advisors Inc. boosted its stake in Amtech Systems by 69.7% in the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after buying an additional 15,200 shares during the last quarter. Tidal Investments LLC purchased a new stake in Amtech Systems in the 1st quarter valued at about $375,000. Finally, AMH Equity Ltd acquired a new position in shares of Amtech Systems during the 4th quarter valued at about $377,000. 50.21% of the stock is owned by hedge funds and other institutional investors.
Amtech Systems Stock Down 0.4 %
Shares of ASYS traded down $0.02 during trading hours on Wednesday, reaching $5.59. 10,694 shares of the company traded hands, compared to its average volume of 58,971. The stock has a market capitalization of $79.43 million, a PE ratio of -3.72 and a beta of 1.47. The stock has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $5.20. Amtech Systems has a fifty-two week low of $3.37 and a fifty-two week high of $11.00.
About Amtech Systems
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.
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