Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 101.3% in March

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 47,500 shares, a growth of 101.3% from the February 28th total of 23,600 shares. Based on an average daily trading volume, of 56,800 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

Amtech Systems Price Performance

Amtech Systems stock opened at $4.99 on Friday. The company has a market cap of $71.30 million, a price-to-earnings ratio of 62.38 and a beta of 1.43. The firm has a 50-day moving average of $5.12 and a 200-day moving average of $5.50. Amtech Systems has a one year low of $4.60 and a one year high of $6.96.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Amtech Systems in the fourth quarter valued at $64,000. Squarepoint Ops LLC bought a new position in shares of Amtech Systems in the 4th quarter valued at about $71,000. 272 Capital LP acquired a new position in shares of Amtech Systems during the 3rd quarter worth about $72,000. Millennium Management LLC raised its holdings in shares of 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 period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Amtech Systems in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

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.