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

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 315,528 shares, an increase of 40.4% from the December 15th total of 224,717 shares. Based on an average trading volume of 278,841 shares, the short-interest ratio is currently 1.1 days. Approximately 2.4% of the company’s stock are sold short. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 278,841 shares, the short-interest ratio is currently 1.1 days.

Amtech Systems Trading Up 3.8%

Shares of Amtech Systems stock opened at $14.74 on Monday. The firm has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $8.12. The stock has a market capitalization of $211.67 million, a price-to-earnings ratio of -6.92 and a beta of 1.65. Amtech Systems has a 1-year low of $3.20 and a 1-year high of $15.22.

Analyst Ratings Changes

Several brokerages have weighed in on ASYS. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Zacks Research upgraded Amtech Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Amtech Systems has an average rating of “Hold”.

Institutional Investors Weigh In On Amtech Systems

A number of hedge funds have recently bought and sold shares of the company. Williams & Novak LLC increased its stake in shares of Amtech Systems by 24.8% in 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 acquired a new stake in shares of Amtech Systems in the second quarter worth $105,000. Millennium Management LLC bought a new position in Amtech Systems during the third quarter worth $111,000. Thompson Davis & CO. Inc. bought a new position in Amtech Systems during the third quarter worth $123,000. Finally, NewEdge Advisors LLC acquired a new position in Amtech Systems during the 3rd quarter valued at $135,000. 50.21% of the stock is currently owned by institutional investors.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.