Amtech Systems, Inc. (NASDAQ:ASYS) Sees Significant Growth in Short Interest

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

Amtech Systems Trading Down 0.6 %

Shares of ASYS opened at $4.99 on Friday. The stock has a 50 day simple moving average of $5.13 and a 200-day simple moving average of $5.51. The stock has a market cap of $71.30 million, a PE ratio of 62.38 and a beta of 1.43. Amtech Systems has a 1 year low of $4.60 and a 1 year high of $6.96.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of Amtech Systems during the fourth quarter worth $64,000. 272 Capital LP acquired a new stake in shares of Amtech Systems in the 3rd quarter valued at approximately $72,000. Squarepoint Ops LLC bought a new position in Amtech Systems during the 4th quarter worth approximately $71,000. Millennium Management LLC increased its stake in Amtech Systems by 82.7% in the fourth 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 in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Amtech Systems during the 4th quarter worth $203,000. 50.21% of the stock is 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.