Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 101.3% in March

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 47,500 shares, a growth of 101.3% from the February 28th total of 23,600 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 56,800 shares, the short-interest ratio is currently 0.8 days.

Amtech Systems Stock Performance

NASDAQ:ASYS opened at $4.99 on Friday. The company has a market cap of $71.30 million, a price-to-earnings ratio of 62.38 and a beta of 1.43. The stock’s fifty day moving average price is $5.12 and its two-hundred day moving average price is $5.50. Amtech Systems has a 52-week low of $4.60 and a 52-week high of $6.96.

Hedge Funds Weigh In On Amtech Systems

Large investors have recently made changes to their positions in the company. 272 Capital LP acquired a new stake in Amtech Systems in the third quarter worth about $72,000. Geode Capital Management LLC grew its position 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 worth $743,000 after buying an additional 7,314 shares during the period. Kovack Advisors Inc. raised its stake in shares of Amtech Systems by 225.9% during the fourth quarter. Kovack Advisors Inc. now owns 65,500 shares of the semiconductor company’s stock worth $357,000 after buying an additional 45,400 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Amtech Systems by 6.6% in the fourth quarter. First Eagle Investment Management LLC now owns 834,922 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 51,555 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Amtech Systems in the fourth quarter valued at approximately $203,000. 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.