Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Increases By 27.6%

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 60,600 shares, an increase of 27.6% from the March 15th total of 47,500 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Amtech Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC purchased a new position in shares of Amtech Systems during the 1st quarter worth $159,000. Squarepoint Ops LLC purchased a new position in Amtech Systems during the fourth quarter worth about $71,000. Millennium Management LLC boosted its holdings in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock valued at $124,000 after purchasing an additional 10,281 shares during the last quarter. Northern Trust Corp grew its stake in shares of Amtech Systems by 31.7% in the 4th quarter. Northern Trust Corp now owns 44,816 shares of the semiconductor company's stock valued at $244,000 after buying an additional 10,791 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Amtech Systems by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 931,198 shares of the semiconductor company's stock worth $5,075,000 after buying an additional 7,068 shares during the last quarter. Institutional investors and hedge funds own 50.21% of the company's stock.

Amtech Systems Stock Up 0.9 %

ASYS traded up $0.03 during trading on Thursday, reaching $3.55. The company's stock had a trading volume of 36,501 shares, compared to its average volume of 47,052. The company has a market cap of $50.73 million, a price-to-earnings ratio of 44.38 and a beta of 1.45. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $5.23. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $6.96.

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.