Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Decreases By 30.5%

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 41,400 shares, a decrease of 30.5% from the August 15th total of 59,600 shares. Based on an average daily volume of 46,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are short sold.

Amtech Systems Stock Performance

ASYS stock traded down $0.12 during trading on Friday, reaching $6.04. 28,820 shares of the company were exchanged, compared to its average volume of 54,959. The stock’s 50 day moving average price is $6.09 and its 200 day moving average price is $5.60. Amtech Systems has a 52-week low of $3.37 and a 52-week high of $8.35. The company has a market cap of $85.89 million, a P/E ratio of -4.00 and a beta of 1.45.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.11. Amtech Systems had a negative return on equity of 4.16% and a negative net margin of 19.05%. The business had revenue of $26.75 million for the quarter, compared to analyst estimates of $24.00 million. During the same quarter in the previous year, the company earned $0.01 EPS. As a group, equities research analysts forecast that Amtech Systems will post -0.25 EPS for the current year.

Insider Transactions at Amtech Systems

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASYS. Victory Capital Management Inc. purchased a new position in shares of Amtech Systems during the 4th quarter worth approximately $39,000. Acadian Asset Management LLC increased its position in Amtech Systems by 19.3% during the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after buying an additional 2,991 shares in the last quarter. Villere ST Denis J & Co. LLC acquired a new position in shares of Amtech Systems in the first quarter worth $108,000. Kovack Advisors Inc. raised its holdings in shares of Amtech Systems by 69.7% in the first quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 15,200 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Amtech Systems in the first quarter valued at $375,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.