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

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 167,800 shares, an increase of 75.9% from the September 15th total of 95,400 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 222,700 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 222,700 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.5% of the shares of the company are sold short.

Amtech Systems Price Performance

NASDAQ ASYS opened at $7.94 on Tuesday. The business has a fifty day moving average price of $7.77 and a two-hundred day moving average price of $5.40. Amtech Systems has a fifty-two week low of $3.20 and a fifty-two week high of $10.80. The stock has a market capitalization of $113.62 million, a PE ratio of -3.54 and a beta of 1.65.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASYS. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Wall Street Zen raised Amtech Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Amtech Systems presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Amtech Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. AMH Equity Ltd lifted its stake in Amtech Systems by 137.0% during the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 56,408 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Amtech Systems during the first quarter worth $159,000. XTX Topco Ltd bought a new stake in Amtech Systems during the second quarter worth $105,000. Acadian Asset Management LLC lifted its stake in Amtech Systems by 90.8% during the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares during the last quarter. 50.21% of the stock is currently owned by institutional investors.

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.