Amtech Systems, Inc. (NASDAQ:ASYS) is seeing a significant decrease in short interest

Amtech Systems, Inc. (NASDAQ:ASYS – Get Free Report ) received a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 27,800 shares, down 32.9% from its August 31st total of 41,400 shares. Currently, 0.3% of the stock’s shares are sold short. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 0.7 days.

Amtech Systems price performance

ASYS stock traded down $0.04 during mid-day trading on Friday, reaching $6.09. 11,025 shares of the stock exchanged hands, compared to its average volume of 53,456. The stock has a market cap of $86.53 million, a price-to-earnings ratio of -4.03 and a beta of 1.45. The company has a fifty day moving average price of $6.03 and a 200 day moving average price of $5.69. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $8.12.

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

Insider trading at Amtech Systems

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

Institutional investors are trading in Amtech Systems

Institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its position in Amtech Systems by 13.0% in the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock valued at $3,960,000 after purchasing an additional 77,799 shares during the last quarter. Acadian Asset Management LLC boosted its position in Amtech Systems by 19.3% in the 2nd quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 2,991 shares during the period respective. Tidal Investments LLC bought a new stake in Amtech Systems in the 1st quarter worth $375,000. AMH Equity Ltd raised its position in shares of Amtech Systems by 234.6% in the first quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock valued at $1,623,000 after acquiring an additional 210,339 shares during the period. Finally, Kovack Advisors Inc. raised its stake 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 valued at $200,000 after acquiring an additional 15,200 shares in the last quarter. 50.21% of the shares are currently held by hedge funds and other institutional investors.

About Amtech Systems

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Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in the manufacture of silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies and light emitting diodes (LEDs) all around the world. The company operates through the Semiconductor and Material and Substrate segments.

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