Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 65.1% in September

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 45,900 shares, an increase of 65.1% from the September 15th total of 27,800 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 1.2 days.

Amtech Systems Price Performance

Shares of ASYS stock traded up $0.03 during trading hours on Friday, reaching $5.68. 45,409 shares of the stock were exchanged, compared to its average volume of 52,938. The business's fifty day moving average is $6.06 and its two-hundred day moving average is $5.75. Amtech Systems has a 12-month low of $3.37 and a 12-month high of $8.11. The firm has a market capitalization of $80.71 million, a P/E ratio of -3.76 and a beta of 1.44.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.11. The firm had revenue of $26.75 million for the quarter, compared to analyst estimates of $24.00 million. Amtech Systems had a negative net margin of 19.05% and a negative return on equity of 4.16%. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts predict that Amtech Systems will post -0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert M. Averick purchased 25,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $5.53 per share, with a total value of $138,250.00. Following the transaction, the director now owns 459,000 shares in the company, valued at $2,538,270. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert M. Averick acquired 5,000 shares of Amtech Systems stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $5.54 per share, for a total transaction of $27,700.00. Following the acquisition, the director now owns 464,000 shares in the company, valued at approximately $2,570,560. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Averick acquired 25,000 shares of Amtech Systems stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $5.53 per share, for a total transaction of $138,250.00. Following the completion of the acquisition, the director now owns 459,000 shares in the company, valued at $2,538,270. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 20.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Amtech Systems

Institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC increased its position in Amtech Systems by 13.0% during the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company's stock worth $3,960,000 after buying an additional 77,799 shares in the last quarter. Acadian Asset Management LLC increased its position 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 worth $107,000 after purchasing an additional 2,991 shares in the last quarter. Tidal Investments LLC acquired a new position in Amtech Systems in the 1st quarter valued at about $375,000. AMH Equity Ltd lifted its holdings in Amtech Systems by 234.6% in the 1st quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company's stock valued at $1,623,000 after purchasing an additional 210,339 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its stake in shares of Amtech Systems by 69.7% during the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company's stock worth $200,000 after purchasing an additional 15,200 shares during the last quarter. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

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.