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

Amtech Systems, Inc. (NASDAQ:ASYS) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 296,200 shares, an increase of 76.5% from the September 30th total of 167,800 shares. Based on an average trading volume of 264,300 shares, the short-interest ratio is currently 1.1 days. Approximately 2.7% of the company’s stock are sold short. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 264,300 shares, the short-interest ratio is currently 1.1 days.

Amtech Systems Price Performance

ASYS opened at $7.93 on Monday. The firm has a 50-day simple moving average of $8.22 and a two-hundred day simple moving average of $5.65. Amtech Systems has a 52 week low of $3.20 and a 52 week high of $10.80. The company has a market capitalization of $113.51 million, a PE ratio of -3.54 and a beta of 1.65.

Analyst Ratings Changes

ASYS has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amtech Systems has an average rating of “Reduce”.

Institutional Trading of Amtech Systems

Several hedge funds have recently made changes to their positions in ASYS. AMH Equity Ltd raised its position in Amtech Systems by 137.0% in the 1st quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 56,408 shares during the period. Kovack Advisors Inc. raised its position in 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 period. Goldman Sachs Group Inc. raised its position in Amtech Systems by 135.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares during the period. Acadian Asset Management LLC raised its position in Amtech Systems by 90.8% in the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. Finally, Williams & Novak LLC raised its position in 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 purchasing an additional 3,650 shares during the period. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

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.