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

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 68,900 shares, an increase of 5.4% from the March 15th total of 65,400 shares. Based on an average daily trading volume, of 75,200 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com raised Amtech Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 12th.

Amtech Systems Stock Up 0.8 %

NASDAQ ASYS opened at $4.84 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 1.69 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $4.84 and its two-hundred day moving average is $5.59. The company has a market capitalization of $68.68 million, a price-to-earnings ratio of -3.59 and a beta of 1.46. Amtech Systems has a 1-year low of $3.37 and a 1-year high of $11.98.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Friday, February 9th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. The company had revenue of $24.92 million for the quarter, compared to the consensus estimate of $22.00 million. Amtech Systems had a negative return on equity of 1.15% and a negative net margin of 16.45%. Equities analysts forecast that Amtech Systems will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Amtech Systems by 585.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,687 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 3,149 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Amtech Systems in the fourth quarter valued at approximately $39,000. Barclays PLC bought a new position in shares of Amtech Systems in the third quarter valued at approximately $48,000. Wolverine Trading LLC bought a new position in shares of Amtech Systems in the fourth quarter valued at approximately $57,000. Finally, Virtu Financial LLC bought a new position in shares of Amtech Systems in the fourth quarter valued at approximately $97,000. Institutional investors 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.