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

Key Points

• Amtech Systems, Inc. saw a significant rise in short interest of 75.9% from September 15th to September 30th, totaling 167,800 shares short sold, representing 1.5% of its outstanding shares.
• Institutional ownership of Amtech Systems is notable, with firms like AMH Equity Ltd and Goldman Sachs significantly increasing their positions in the company.";
• Analyst opinions on Amtech Systems vary, with Zacks demoting it from "strong-buy" to "hold" and Weiss Ratings giving it a "sell" rating, indicating a consensus of "Reduce".

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a significant increase in short interest in 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. Currently, 1.5% of the company's shares are short sold. Based on an average trading volume of 222,700 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 222,700 shares, the short-interest ratio is currently 0.8 days. Currently, 1.5% of the company's shares are short sold.

Institutional Trading of Amtech Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AMH Equity Ltd increased its position in shares of Amtech Systems by 137.0% in the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company's stock valued at $471,000 after acquiring an additional 56,408 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Amtech Systems by 15.1% in the first quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company's stock valued at $364,000 after acquiring an additional 9,900 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company's stock valued at $204,000 after acquiring an additional 20,264 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Amtech Systems in the first quarter valued at about $159,000. Finally, Goldman Sachs Group Inc. increased its position 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 buying an additional 17,297 shares during the last quarter. Institutional investors and hedge funds own 50.21% of the company's stock.

Amtech Systems Stock Performance

NASDAQ:ASYS opened at $7.94 on Tuesday. The stock's 50-day simple moving average is $7.77 and its 200 day simple moving average is $5.40. The company has a market cap of $113.62 million, a P/E ratio of -3.54 and a beta of 1.65. Amtech Systems has a 52-week low of $3.20 and a 52-week high of $10.80.

Wall Street Analysts Forecast Growth

ASYS has been the topic of several recent analyst reports. Zacks Research lowered Amtech Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Wall Street Zen upgraded Amtech Systems from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Amtech Systems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Amtech Systems presently has a consensus rating of "Reduce".

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.

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