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

Amtech Systems, Inc. (NASDAQ:ASYS) saw a large drop in short interest in 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 company’s stock are sold short. Based on an average trading volume of 50,900 shares, the short-interest ratio is presently 0.5 days.

Amtech Systems Price Performance

Shares of ASYS stock opened at $4.94 on Friday. The firm has a market cap of $70.59 million, a P/E ratio of 61.76 and a beta of 1.43. Amtech Systems has a 1-year low of $4.60 and a 1-year high of $6.96. The firm has a fifty day moving average of $5.20 and a two-hundred day moving average of $5.58.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASYS. Renaissance Technologies LLC acquired a new position in Amtech Systems during the 4th quarter worth $64,000. Squarepoint Ops LLC acquired a new position in Amtech Systems during the 4th quarter worth $71,000. 272 Capital LP acquired a new position in Amtech Systems during the 3rd quarter worth $72,000. Millennium Management LLC grew its holdings in Amtech Systems by 82.7% during the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 10,281 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Amtech Systems during the 4th quarter worth $203,000. 50.21% of the stock is owned by institutional investors and hedge funds.

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.