Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Update

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 57,200 shares, a growth of 31.2% from the October 31st total of 43,600 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake 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 valued at $107,000 after purchasing an additional 2,991 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 7,314 shares during the last quarter. 272 Capital LP bought a new position in Amtech Systems during the 3rd quarter valued at approximately $72,000. Tidal Investments LLC purchased a new position in Amtech Systems during the first quarter valued at $375,000. Finally, First Eagle Investment Management LLC boosted its holdings in Amtech Systems by 13.0% in the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock worth $3,960,000 after acquiring an additional 77,799 shares in the last quarter. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Price Performance

ASYS stock traded up $0.04 during midday trading on Friday, hitting $5.64. The stock had a trading volume of 14,685 shares, compared to its average volume of 50,526. The business has a 50-day moving average of $5.74 and a two-hundred day moving average of $5.91. The firm has a market cap of $80.20 million, a price-to-earnings ratio of -4.00 and a beta of 1.45. Amtech Systems has a 52-week low of $3.37 and a 52-week high of $8.02.

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.