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

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the target of a large 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. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is currently 1.2 days.

Amtech Systems Price Performance

Shares of Amtech Systems stock remained flat at $5.71 on Friday. The stock had a trading volume of 56,600 shares, compared to its average volume of 51,575. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $8.11. The business has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.86. The stock has a market cap of $81.19 million, a price-to-earnings ratio of -4.05 and a beta of 1.45.

Institutional Trading of Amtech Systems

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Amtech Systems during the 1st quarter valued at about $375,000. First Eagle Investment Management LLC boosted its stake in Amtech Systems by 13.0% during the 2nd 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. 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Amtech Systems by 6.1% during the 3rd 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. Finally, 272 Capital LP acquired a new position in Amtech Systems in the 3rd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 50.21% of the company's stock.

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.