Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 15.6% in October

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 43,600 shares, an increase of 15.6% from the October 15th total of 37,700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is currently 1.2 days.

Amtech Systems Stock Performance

NASDAQ:ASYS opened at $5.71 on Monday. The business’s 50-day moving average is $5.82 and its 200 day moving average is $5.87. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $8.11. The company has a market capitalization of $81.20 million, a P/E ratio of -4.05 and a beta of 1.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. 272 Capital LP bought a new position in Amtech Systems in the third quarter worth approximately $72,000. Acadian Asset Management LLC grew its holdings 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 during the last quarter. Tidal Investments LLC acquired a new position in shares of Amtech Systems during the first quarter worth $375,000. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 7,314 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of 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 worth $3,960,000 after purchasing an additional 77,799 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.