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

Key Points

• Amtech Systems experienced a substantial increase in short interest, rising 63.6% to 95,400 shares by mid-September, indicating a growing bearish sentiment among investors.
• Several analysts have recently updated their ratings on the stock, with Zacks Research upgrading it to a "strong-buy," while Weiss Ratings maintains a "sell" rating.
• Institutional ownership for Amtech Systems stands at 50.21%, with notable increases in stakes by firms such as Goldman Sachs, which raised its position by 135.5% in the first quarter.

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 95,400 shares, an increase of 63.6% from the August 31st total of 58,300 shares. Approximately 0.9% of the company's shares are short sold. Based on an average daily volume of 160,600 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 160,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the company's shares are short sold.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research raised Amtech Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen raised Amtech Systems from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Amtech Systems in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Amtech Systems currently has an average rating of "Moderate Buy".

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Williams & Novak LLC lifted its stake in shares of Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company's stock worth $82,000 after buying an additional 3,650 shares during the last quarter. Kovack Advisors Inc. increased its position in Amtech Systems by 15.1% during the first 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 period. Millennium Management LLC boosted its holdings 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 purchasing an additional 10,281 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Amtech Systems during the 4th quarter worth approximately $71,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Amtech Systems by 135.5% during the 1st 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 in the last quarter. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Price Performance

Shares of ASYS opened at $9.17 on Monday. The firm has a 50-day moving average of $6.83 and a 200-day moving average of $5.09. The company has a market cap of $131.26 million, a PE ratio of -4.09 and a beta of 1.65. Amtech Systems has a one year low of $3.20 and a one year high of $10.25.

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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