Amtech Systems, Inc. (NASDAQ:ASYS – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 70,900 shares, an increase of 46.5% from the May 15th total of 48,400 shares. Based on an average daily trading volume, of 37,700 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC acquired a new position in Amtech Systems in the 3rd quarter valued at $48,000. Victory Capital Management Inc. acquired a new position in Amtech Systems in the 4th quarter valued at $39,000. Villere ST Denis J & Co. LLC acquired a new position in Amtech Systems in the 1st quarter valued at $108,000. Janney Montgomery Scott LLC increased its stake in shares of Amtech Systems by 48.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of Amtech Systems by 69.7% in the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 15,200 shares during the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.
Amtech Systems Price Performance
NASDAQ ASYS traded down $0.25 during trading hours on Friday, reaching $5.67. The stock had a trading volume of 41,299 shares, compared to its average volume of 38,396. The stock has a fifty day moving average of $5.29 and a 200 day moving average of $4.96. Amtech Systems has a 52-week low of $3.37 and a 52-week high of $11.98.
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.
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