Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Increases By 5.4%

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 68,900 shares, a growth of 5.4% from the March 15th total of 65,400 shares. Currently, 0.6% of the company's stock are sold short. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is presently 0.9 days.

Amtech Systems Stock Up 0.8 %

Shares of ASYS traded up $0.04 during trading hours on Tuesday, hitting $4.84. 35,194 shares of the company were exchanged, compared to its average volume of 74,107. The company has a market cap of $68.68 million, a PE ratio of -3.59 and a beta of 1.46. The firm's 50 day moving average is $4.82 and its 200-day moving average is $5.61. Amtech Systems has a 52 week low of $3.37 and a 52 week high of $11.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.69 and a current ratio of 2.99.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.08. The company had revenue of $24.92 million during the quarter, compared to the consensus estimate of $22.00 million. Amtech Systems had a negative return on equity of 1.15% and a negative net margin of 16.45%. On average, equities research analysts forecast that Amtech Systems will post -0.25 EPS for the current fiscal year.

Institutional Trading of Amtech Systems

Several large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of Amtech Systems by 585.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,687 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 3,149 shares during the last quarter. Barclays PLC acquired a new position in shares of Amtech Systems during the 3rd quarter worth about $48,000. Victory Capital Management Inc. acquired a new position in shares of Amtech Systems during the 4th quarter worth about $39,000. Royal Bank of Canada lifted its position in shares of Amtech Systems by 45.5% during the 2nd quarter. Royal Bank of Canada now owns 12,511 shares of the semiconductor company's stock worth $120,000 after purchasing an additional 3,911 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Amtech Systems during the 4th quarter worth about $97,000. Institutional investors own 50.21% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Amtech Systems from a "sell" rating to a "hold" rating in a research note on Monday, February 12th.

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.