Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Rises By 27.6%

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 60,600 shares, a growth of 27.6% from the March 15th total of 47,500 shares. Based on an average daily volume of 58,700 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Amtech Systems Price Performance

Shares of NASDAQ ASYS opened at $3.58 on Monday. The firm has a market capitalization of $51.15 million, a P/E ratio of 44.76 and a beta of 1.45. The stock’s 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $5.27. Amtech Systems has a twelve month low of $3.46 and a twelve month high of $6.96.

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently bought and sold shares of ASYS. Renaissance Technologies LLC purchased a new position in Amtech Systems in the fourth quarter worth $64,000. Squarepoint Ops LLC bought a new position in Amtech Systems during the fourth quarter valued at approximately $71,000. 272 Capital LP bought a new stake in shares of Amtech Systems in the 3rd quarter worth approximately $72,000. Millennium Management LLC grew its holdings in shares of Amtech Systems by 82.7% during 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, Sowell Financial Services LLC purchased a new position in Amtech Systems in the 1st quarter worth $159,000. 50.21% of the stock is currently owned by 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.