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

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 95,400 shares, an increase of 63.6% from the August 31st total of 58,300 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 160,600 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 160,600 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Amtech Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Amtech Systems during the 2nd quarter valued at about $105,000. Williams & Novak LLC raised its holdings in shares of Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after buying an additional 3,650 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 17,297 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Amtech Systems by 90.8% in the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 20,264 shares in the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Amtech Systems by 15.1% in the 1st quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 9,900 shares during the last quarter. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Stock Up 13.8%

Amtech Systems stock opened at $10.44 on Tuesday. The business has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $5.12. Amtech Systems has a 12 month low of $3.20 and a 12 month high of $10.74. The stock has a market cap of $149.40 million, a price-to-earnings ratio of -4.66 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASYS. Wall Street Zen upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amtech Systems has a consensus rating of “Moderate Buy”.

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.