Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Update

Key Points

• Amtech Systems, Inc. experienced a significant decline in short interest, dropping by 31.4% from 85,000 shares to 58,300 shares as of August 31st.
• Analysts have upgraded Amtech Systems, with Zacks Research changing its rating from "hold" to "strong-buy," and the stock currently holds an average rating of "Strong Buy."
• Hedge funds collectively own 50.21% of Amtech Systems, with several institutional investors increasing their positions recently.

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 58,300 shares, a drop of 31.4% from the August 15th total of 85,000 shares. Based on an average trading volume of 96,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company's shares are short sold. Approximately 0.5% of the company's shares are short sold. Based on an average trading volume of 96,300 shares, the short-interest ratio is presently 0.6 days.

Amtech Systems Stock Performance

Shares of Amtech Systems stock traded down $0.46 on Friday, reaching $9.04. The stock had a trading volume of 306,409 shares, compared to its average volume of 351,069. The stock has a market cap of $129.36 million, a P/E ratio of -4.04 and a beta of 1.61. Amtech Systems has a fifty-two week low of $3.20 and a fifty-two week high of $9.70. The business's 50-day moving average price is $5.91 and its two-hundred day moving average price is $4.79.

Analyst Ratings Changes

ASYS has been the subject of several recent analyst reports. Wall Street Zen raised shares of Amtech Systems from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research upgraded shares of Amtech Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

Institutional Trading of Amtech Systems

Several hedge funds have recently bought and sold shares of the stock. Williams & Novak LLC raised its holdings in shares of Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company's stock valued at $82,000 after acquiring an additional 3,650 shares in the last quarter. Kovack Advisors Inc. grew its position in Amtech Systems by 15.1% during the 1st quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company's stock worth $364,000 after acquiring an additional 9,900 shares during the last quarter. Millennium Management LLC grew its position 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 during the last quarter. Northern Trust Corp grew its position in shares of Amtech Systems by 31.7% in the 4th quarter. Northern Trust Corp now owns 44,816 shares of the semiconductor company's stock worth $244,000 after buying an additional 10,791 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Amtech Systems in the 4th quarter worth approximately $71,000. 50.21% of the stock is currently owned by institutional investors and hedge funds.

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.