Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Grows By 25.1%

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 70,300 shares, a growth of 25.1% from the December 15th total of 56,200 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is presently 1.7 days.

Amtech Systems Price Performance

Shares of NASDAQ ASYS traded up $0.02 during mid-day trading on Thursday, hitting $5.28. The company’s stock had a trading volume of 16,482 shares, compared to its average volume of 28,277. Amtech Systems has a one year low of $3.37 and a one year high of $6.96. The company’s fifty day simple moving average is $5.60 and its 200-day simple moving average is $5.85. The stock has a market cap of $75.40 million, a price-to-earnings ratio of -8.80 and a beta of 1.41.

Hedge Funds Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. 272 Capital LP acquired a new position in shares of Amtech Systems in the 3rd quarter valued at $72,000. Geode Capital Management LLC grew its stake in shares of Amtech Systems by 6.1% during the third quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock worth $743,000 after purchasing an additional 7,314 shares during the period. First Eagle Investment Management LLC increased its holdings in Amtech Systems by 13.0% in the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock valued at $3,960,000 after purchasing an additional 77,799 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Amtech Systems by 19.3% in the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 2,991 shares during the period. 50.21% of the stock is owned by institutional investors.

Amtech Systems Company Profile

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.