Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Increases By 31.2%

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 57,200 shares, an increase of 31.2% from the October 31st total of 43,600 shares. Based on an average daily trading volume, of 32,800 shares, the short-interest ratio is currently 1.7 days. Approximately 0.5% of the company’s stock are sold short.

Amtech Systems Stock Performance

Shares of NASDAQ:ASYS traded up $0.04 during trading on Friday, reaching $5.64. 14,685 shares of the stock traded hands, compared to its average volume of 50,526. The stock has a market cap of $80.20 million, a P/E ratio of -4.00 and a beta of 1.45. The stock has a 50-day moving average of $5.74 and a two-hundred day moving average of $5.91. Amtech Systems has a 52-week low of $3.37 and a 52-week high of $8.02.

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 272 Capital LP bought a new position in Amtech Systems during the 3rd quarter valued at about $72,000. Acadian Asset Management LLC grew its stake in shares of Amtech Systems by 19.3% in the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 2,991 shares during the period. Tidal Investments LLC purchased a new position in shares of Amtech Systems during the first quarter valued at approximately $375,000. Geode Capital Management LLC lifted its position in Amtech Systems by 6.1% during the third quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock valued at $743,000 after purchasing an additional 7,314 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Amtech Systems by 13.0% during 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 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.