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

Amtech Systems, Inc. (NASDAQ:ASYS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 70,300 shares, a growth of 25.1% from the December 15th total of 56,200 shares. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the company’s shares are sold short.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS traded down $0.03 during trading hours on Friday, hitting $5.25. 35,687 shares of the company’s stock traded hands, compared to its average volume of 30,999. The firm has a market capitalization of $74.97 million, a P/E ratio of -8.75 and a beta of 1.41. The business has a fifty day moving average price of $5.60 and a 200-day moving average price of $5.85. Amtech Systems has a 1 year low of $3.37 and a 1 year high of $6.96.

Hedge Funds Weigh In On Amtech Systems

Large investors have recently bought and sold shares of the business. 272 Capital LP purchased a new stake in Amtech Systems in the third quarter worth $72,000. Acadian Asset Management LLC increased its stake 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 lifted its holdings in Amtech Systems by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock valued at $743,000 after buying an additional 7,314 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position 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 valued at $3,960,000 after buying an additional 77,799 shares during the period. Hedge funds and other institutional investors 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.