Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Down 11.0% in April

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 61,300 shares, a decline of 11.0% from the March 31st total of 68,900 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 64,200 shares, the days-to-cover ratio is currently 1.0 days.

Amtech Systems Trading Down 1.0 %

Shares of Amtech Systems stock traded down $0.05 on Tuesday, hitting $4.82. 22,074 shares of the company traded hands, compared to its average volume of 68,229. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.69 and a current ratio of 2.99. The stock’s 50 day moving average price is $4.93 and its 200-day moving average price is $5.41. Amtech Systems has a 52 week low of $3.37 and a 52 week high of $11.98.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results 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. Amtech Systems had a negative return on equity of 1.15% and a negative net margin of 16.45%. The business had revenue of $24.92 million during the quarter, compared to analyst estimates of $22.00 million. As a group, analysts expect that Amtech Systems will post -0.25 earnings per share for the current year.

Institutional Trading of Amtech Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new position in Amtech Systems during the 4th quarter valued at about $39,000. Barclays PLC bought a new position in shares of Amtech Systems during the third quarter valued at approximately $48,000. Villere ST Denis J & Co. LLC purchased a new position in Amtech Systems during the first quarter valued at approximately $108,000. Kovack Advisors Inc. raised its stake in 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 buying an additional 15,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Amtech Systems by 48.3% in the third quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company’s stock worth $203,000 after buying an additional 8,700 shares in the last quarter. 50.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.