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

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 23,600 shares, a decrease of 42.9% from the February 13th total of 41,300 shares. Based on an average daily volume of 50,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Amtech Systems Price Performance

Shares of ASYS stock opened at $4.78 on Friday. The firm has a 50-day moving average of $5.22 and a 200-day moving average of $5.60. The company has a market cap of $68.30 million, a P/E ratio of 59.76 and a beta of 1.43. Amtech Systems has a one year low of $4.60 and a one year high of $6.96.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Monday, December 9th. The semiconductor company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Amtech Systems had a net margin of 1.18% and a return on equity of 0.66%. As a group, research analysts expect that Amtech Systems will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amtech Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. First Eagle Investment Management LLC boosted its position in Amtech Systems by 6.6% during the fourth quarter. First Eagle Investment Management LLC now owns 834,922 shares of the semiconductor company’s stock worth $4,550,000 after purchasing an additional 51,555 shares during the period. Kovack Advisors Inc. boosted its position in Amtech Systems by 225.9% during the fourth quarter. Kovack Advisors Inc. now owns 65,500 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 45,400 shares during the period. Hillsdale Investment Management Inc. bought a new position in Amtech Systems during the fourth quarter worth about $203,000. Squarepoint Ops LLC bought a new position in Amtech Systems during the fourth quarter worth about $71,000. Finally, 272 Capital LP bought a new position in Amtech Systems during the third quarter worth about $72,000. Institutional investors own 50.21% of the company’s stock.

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.