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

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 56,200 shares, a growth of 5.6% from the November 30th total of 53,200 shares. Currently, 0.5% of the company's stock are sold short. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Amtech Systems

Hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its stake in shares of 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 buying an additional 77,799 shares during the last quarter. 272 Capital LP bought a new stake in shares of Amtech Systems in the third quarter worth $72,000. Geode Capital Management LLC raised its holdings in Amtech Systems by 6.1% in the third quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company's stock valued at $743,000 after acquiring an additional 7,314 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Amtech Systems by 19.3% during the 2nd quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company's stock valued at $107,000 after acquiring an additional 2,991 shares during the last quarter. Institutional investors and hedge funds own 50.21% of the company's stock.

Amtech Systems Stock Down 1.3 %

Shares of Amtech Systems stock traded down $0.07 during trading hours on Wednesday, hitting $5.45. 20,584 shares of the company's stock traded hands, compared to its average volume of 50,529. Amtech Systems has a twelve month low of $3.37 and a twelve month high of $6.96. The company has a market cap of $77.81 million, a PE ratio of -9.08 and a beta of 1.43. The stock has a 50 day simple moving average of $5.63 and a 200-day simple moving average of $5.89.

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.