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

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 53,200 shares, a decline of 7.0% from the November 15th total of 57,200 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Amtech Systems

A number of hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its stake in shares of Amtech Systems by 13.0% during 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 last quarter. 272 Capital LP bought a new position in Amtech Systems during the 3rd quarter valued at $72,000. Geode Capital Management LLC grew 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 worth $743,000 after acquiring an additional 7,314 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Amtech Systems by 19.3% in the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 2,991 shares in the last quarter. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Trading Up 0.7 %

ASYS opened at $5.66 on Monday. Amtech Systems has a twelve month low of $3.37 and a twelve month high of $6.96. The firm has a market cap of $80.48 million, a price-to-earnings ratio of -9.43 and a beta of 1.43. The company has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $5.94.

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.