Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Down 20.7% in June

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 56,200 shares, a drop of 20.7% from the May 31st total of 70,900 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 1.4 days.

Amtech Systems Price Performance

Shares of NASDAQ ASYS traded down $0.25 during midday trading on Friday, reaching $5.86. 55,353 shares of the stock were exchanged, compared to its average volume of 50,661. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $11.98. The business has a 50-day simple moving average of $5.52 and a two-hundred day simple moving average of $4.90. The company has a market capitalization of $83.26 million, a price-to-earnings ratio of -3.88 and a beta of 1.46.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Amtech Systems had a negative return on equity of 4.54% and a negative net margin of 19.70%. The firm had revenue of $25.43 million during the quarter, compared to analysts’ expectations of $23.00 million. Equities research analysts expect that Amtech Systems will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Amtech Systems

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC bought a new stake in shares of Amtech Systems during the third quarter worth $48,000. First Eagle Investment Management LLC raised its stake in shares of Amtech Systems by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 581,955 shares of the semiconductor company’s stock valued at $2,444,000 after purchasing an additional 7,609 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Amtech Systems by 48.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 8,700 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Amtech Systems in the fourth quarter valued at about $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Amtech Systems by 40.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,653 shares of the semiconductor company’s stock worth $355,000 after buying an additional 13,347 shares during the period. 50.21% of the stock is currently owned by institutional investors and hedge funds.

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.