Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Grows By 15.6%

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 43,600 shares, an increase of 15.6% from the October 15th total of 37,700 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Amtech Systems

A number of large investors have recently made changes to their positions in ASYS. Acadian Asset Management LLC boosted its holdings in shares of Amtech Systems by 19.3% during the second 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 during the period. Geode Capital Management LLC raised its position in shares of Amtech Systems by 6.1% in 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 last quarter. 272 Capital LP bought a new stake in Amtech Systems during the 3rd quarter valued at about $72,000. Tidal Investments LLC bought a new position in Amtech Systems in the 1st quarter valued at approximately $375,000. Finally, 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 last quarter. 50.21% of the stock is owned by institutional investors.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS opened at $5.71 on Monday. Amtech Systems has a 12-month low of $3.37 and a 12-month high of $8.11. The company’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $5.87. The firm has a market cap of $81.20 million, a PE ratio of -4.05 and a beta of 1.45.

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.