Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Down 42.9% in February

Amtech Systems, Inc. (NASDAQ:ASYS) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 23,600 shares, a drop of 42.9% from the February 13th total of 41,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 50,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASYS. Renaissance Technologies LLC bought a new stake in Amtech Systems in the 4th quarter valued at about $64,000. Squarepoint Ops LLC bought a new stake in Amtech Systems in the 4th quarter valued at about $71,000. 272 Capital LP bought a new stake in Amtech Systems in the 3rd quarter valued at about $72,000. Millennium Management LLC lifted its position in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 10,281 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Amtech Systems in the 4th quarter valued at about $203,000. 50.21% of the stock is currently owned by institutional investors.

Amtech Systems Stock Performance

Amtech Systems stock opened at $4.94 on Friday. The firm’s 50-day moving average is $5.20 and its 200-day moving average is $5.58. Amtech Systems has a 1 year low of $4.60 and a 1 year high of $6.96. The company has a market cap of $70.59 million, a P/E ratio of 61.76 and a beta of 1.43.

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.