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

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large growth in short interest during the month of 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. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. 272 Capital LP acquired a new position in Amtech Systems in the 3rd quarter worth approximately $72,000. Acadian Asset Management LLC increased its holdings in Amtech Systems by 19.3% in the 2nd quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after buying an additional 2,991 shares during the period. Geode Capital Management LLC increased its holdings in 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 buying an additional 7,314 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Amtech Systems by 13.0% in the 2nd 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 during the period. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Stock Down 1.3 %

Shares of Amtech Systems stock opened at $5.45 on Thursday. The firm has a market capitalization of $77.81 million, a P/E ratio of -9.08 and a beta of 1.43. The company has a 50 day moving average price of $5.63 and a 200 day moving average price of $5.89. Amtech Systems has a 52 week low of $3.37 and a 52 week 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.