Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Declines By 26.8%

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 44,500 shares, a decrease of 26.8% from the July 15th total of 60,800 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,600 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity at Amtech Systems

In related news, Director Robert M. Averick purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $5.54 per share, with a total value of $27,700.00. Following the completion of the acquisition, the director now directly owns 464,000 shares in the company, valued at approximately $2,570,560. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amtech Systems news, Director Robert M. Averick purchased 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $5.54 per share, for a total transaction of $27,700.00. Following the acquisition, the director now owns 464,000 shares of the company’s stock, valued at approximately $2,570,560. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Averick acquired 25,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $5.53 per share, for a total transaction of $138,250.00. Following the acquisition, the director now directly owns 459,000 shares of the company’s stock, valued at $2,538,270. The disclosure for this purchase can be found here. 20.90% of the stock is owned by corporate insiders.

Institutional Trading of Amtech Systems

Large investors have recently bought and sold shares of the company. AMH Equity Ltd increased its stake in Amtech Systems by 234.6% during the 1st quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock worth $1,623,000 after buying an additional 210,339 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Amtech Systems in the 4th quarter worth approximately $39,000. Tidal Investments LLC bought a new stake in Amtech Systems during the first quarter valued at $375,000. First Eagle Investment Management LLC raised its stake in Amtech Systems by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 581,955 shares of the semiconductor company’s stock worth $2,444,000 after acquiring an additional 7,609 shares during the period. Finally, Kovack Advisors Inc. raised its position in shares of Amtech Systems by 69.7% during the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 15,200 shares during the period. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Trading Up 5.2 %

NASDAQ:ASYS traded up $0.33 during mid-day trading on Friday, hitting $6.70. The company had a trading volume of 41,692 shares, compared to its average volume of 58,627. Amtech Systems has a 1 year low of $3.37 and a 1 year high of $9.16. The business has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $5.32. The firm has a market capitalization of $95.20 million, a price-to-earnings ratio of -4.44 and a beta of 1.47.

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.