Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Decreases By 25.9%

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 52,100 shares, a decline of 25.9% from the December 31st total of 70,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 40,700 shares, the days-to-cover ratio is currently 1.3 days.

Amtech Systems Price Performance

Amtech Systems stock traded up $0.08 during midday trading on Friday, hitting $5.10. The company’s stock had a trading volume of 13,337 shares, compared to its average volume of 31,440. The company has a 50-day moving average price of $5.51 and a two-hundred day moving average price of $5.77. The company has a market cap of $72.81 million, a price-to-earnings ratio of -8.49 and a beta of 1.41. Amtech Systems has a 1-year low of $3.37 and a 1-year high of $6.96.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Monday, December 9th. The semiconductor company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Amtech Systems had a negative net margin of 8.38% and a negative return on equity of 0.73%. Sell-side analysts forecast that Amtech Systems will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Amtech Systems

A hedge fund recently raised its stake in Amtech Systems stock. Geode Capital Management LLC boosted its holdings in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,067 shares of the semiconductor company’s stock after acquiring an additional 7,314 shares during the quarter. Geode Capital Management LLC owned 0.90% of Amtech Systems worth $743,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.