Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 63.6% in September

Amtech Systems, Inc. (NASDAQ:ASYS) saw a large 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 shares of the stock are sold short. Based on an average daily volume of 160,600 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 160,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.9% of the shares of the stock are sold short.

Analyst Ratings Changes

ASYS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Saturday, September 27th. Finally, Zacks Research raised shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amtech Systems currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Amtech Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Amtech Systems during the 4th quarter worth approximately $71,000. Williams & Novak LLC raised its position in shares of Amtech Systems by 24.8% during the second quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 3,650 shares during the period. XTX Topco Ltd bought a new position in shares of Amtech Systems in the 2nd quarter worth $105,000. Millennium Management LLC increased its stake in Amtech Systems by 82.7% during 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings 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 own 50.21% of the company’s stock.

Amtech Systems Trading Up 3.0%

Shares of ASYS opened at $9.17 on Monday. The firm’s fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $5.09. Amtech Systems has a 12 month low of $3.20 and a 12 month high of $10.25. The stock has a market capitalization of $131.26 million, a P/E ratio of -4.09 and a beta of 1.65.

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.