Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 27.6% in March

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 60,600 shares, an increase of 27.6% from the March 15th total of 47,500 shares. Based on an average daily trading volume, of 58,700 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are short sold.

Amtech Systems Price Performance

Shares of NASDAQ ASYS opened at $3.58 on Friday. The firm has a fifty day simple moving average of $4.79 and a 200 day simple moving average of $5.28. Amtech Systems has a twelve month low of $3.46 and a twelve month high of $6.96. The company has a market capitalization of $51.15 million, a PE ratio of 44.76 and a beta of 1.45.

Hedge Funds Weigh In On Amtech Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in Amtech Systems in the fourth quarter worth $64,000. 272 Capital LP purchased a new stake in shares of Amtech Systems in the third quarter worth approximately $72,000. Squarepoint Ops LLC bought a new stake in Amtech Systems during the fourth quarter worth $71,000. Millennium Management LLC raised its position in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 10,281 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Amtech Systems during the 1st quarter valued at $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.