Amtech Systems, Inc. (NASDAQ:ASYS) Sees Surge in Short Interest

Amtech Systems, Inc. (NASDAQ:ASYS) experienced a notable rise in short interest for the month of January. As of January 15th, the total short interest reached 70,300 shares, representing a significant increase of 25.1% from the December 31st figure of 56,200 shares. Based on the average daily trading volume of 42,300 shares, the current short-interest ratio stands at 1.7 days. At present, approximately 0.6% of Amtech’s shares are sold short.

Recent Institutional Activity

In recent developments, 272 Capital LP has acquired a stake in Amtech Systems. According to their latest Form 13F filing with the Securities and Exchange Commission, the hedge fund bought 12,352 shares of Amtech’s stock during the third quarter, amounting to around $72,000 in value. Following this transaction, 272 Capital LP owns 0.09% of Amtech Systems. Overall, institutional investors hold approximately 50.21% of the company’s stock.

Stock Performance Overview

On Thursday, shares of Amtech Systems (NASDAQ:ASYS) fell by 1.6%, closing at $5.02. The trading session saw a volume of 14,823 shares, which is lower than the average volume of 32,833 shares. Over the last year, the stock hit a low of $3.37 and a high of $6.96. Amtech holds a market capitalization of $71.69 million and a P/E ratio of -8.37, with a beta of 1.41. The fifty-day moving average for the stock is $5.51, while the 200-day moving average stands at $5.77.

Earnings Report Highlights

Amtech Systems recently released its quarterly earnings on December 9th. The company reported earnings per share (EPS) of ($0.03), surpassing the consensus estimate of ($0.07) by $0.04. The firm recorded a negative net margin of 8.38% and a negative return on equity of 0.73%. Analysts predict that Amtech Systems will achieve earnings of $0.03 per share for the current fiscal year.

About Amtech Systems

Amtech Systems, Inc. specializes in manufacturing and selling capital equipment and related consumable products for the fabrication of various semiconductor technologies, including silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs). The company operates through two primary segments: Semiconductor and Material and Substrate.

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