Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Drops By 7.0%

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

Amtech Systems Stock Performance

ASYS opened at $5.50 on Wednesday. Amtech Systems has a 1-year low of $3.37 and a 1-year high of $6.96. The company has a 50-day moving average of $5.68 and a 200-day moving average of $5.93. The company has a market capitalization of $78.20 million, a P/E ratio of -9.17 and a beta of 1.43.

Institutional Trading of Amtech Systems

Several institutional investors and hedge funds have recently bought and sold shares of ASYS. First Eagle Investment Management LLC increased its holdings 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 valued at $3,960,000 after acquiring an additional 77,799 shares during the last quarter. Acadian Asset Management LLC boosted 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 period. 272 Capital LP bought a new stake in Amtech Systems during the third quarter valued at $72,000. Finally, Geode Capital Management LLC raised its holdings in shares of Amtech Systems by 6.1% during the third quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock worth $743,000 after purchasing an additional 7,314 shares during the period. Institutional investors and hedge funds 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.