Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Increases By 75.9%

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 167,800 shares, a growth of 75.9% from the September 15th total of 95,400 shares. Based on an average trading volume of 222,700 shares, the short-interest ratio is presently 0.8 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 222,700 shares, the short-interest ratio is presently 0.8 days.

Amtech Systems Stock Down 3.0%

NASDAQ ASYS opened at $7.41 on Thursday. The company has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $5.43. Amtech Systems has a 12-month low of $3.20 and a 12-month high of $10.80. The firm has a market cap of $106.04 million, a price-to-earnings ratio of -3.31 and a beta of 1.65.

Institutional Trading of Amtech Systems

Several institutional investors have recently added to or reduced their stakes in ASYS. Williams & Novak LLC boosted its holdings 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. Kovack Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 9,900 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 17,297 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Amtech Systems by 90.8% during the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Amtech Systems during the second quarter worth about $105,000. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ASYS shares. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.