Amtech Systems, Inc. (NASDAQ:ASYS) Sees Large Increase in Short Interest

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 15.6% from the October 15th total of 37,700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On Amtech Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its stake in Amtech Systems by 13.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock worth $3,960,000 after purchasing an additional 77,799 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amtech Systems by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock worth $743,000 after acquiring an additional 7,314 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Amtech Systems in the first quarter valued at about $375,000. Acadian Asset Management LLC raised its stake in Amtech Systems by 19.3% during the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 2,991 shares during the period. Finally, 272 Capital LP acquired a new position in Amtech Systems in the 3rd quarter valued at about $72,000. 50.21% of the stock is currently owned by institutional investors and hedge funds.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS opened at $5.71 on Friday. The business’s 50 day moving average price is $5.82 and its 200-day moving average price is $5.86. Amtech Systems has a 1 year low of $3.37 and a 1 year high of $8.11. The firm has a market capitalization of $81.19 million, a PE ratio of -4.05 and a beta of 1.45.

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.