Amtech Systems, Inc. (NASDAQ:ASYS – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 47,500 shares, an increase of 101.3% from the February 28th total of 23,600 shares. Based on an average daily volume of 56,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.
Amtech Systems Price Performance
Shares of ASYS opened at $4.99 on Friday. The company’s 50-day moving average is $5.12 and its 200-day moving average is $5.50. The firm has a market capitalization of $71.30 million, a PE ratio of 62.38 and a beta of 1.43. Amtech Systems has a fifty-two week low of $4.60 and a fifty-two week high of $6.96.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ASYS. Renaissance Technologies LLC bought a new stake in shares of Amtech Systems during the fourth quarter worth approximately $64,000. Squarepoint Ops LLC acquired a new stake in Amtech Systems during the 4th quarter worth approximately $71,000. 272 Capital LP bought a new stake in Amtech Systems in the 3rd quarter valued at $72,000. Millennium Management LLC grew its holdings in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 10,281 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Amtech Systems during the 4th quarter worth $203,000. Institutional investors and hedge funds own 50.21% of the company’s stock.
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.
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