What’s Ahead for Amtech Systems Inc (NASDAQ:ASYS) After More Shorted Shares?

November 10, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.88 in Q2 2018. Its down 1.51, from 2.39 in 2018Q1. It turned negative, as 19 investors sold Amtech Systems, Inc. shares while 13 reduced holdings. 13 funds opened positions while 15 raised stakes. 8.77 million shares or 5.76% less from 9.31 million shares in 2018Q1 were reported.
Wedge Capital Mgmt L Ltd Partnership Nc holds 0.01% or 92,099 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 9,823 shares. Teton Inc owns 17,000 shares or 0.01% of their US portfolio. Jpmorgan Chase And stated it has 0% in Amtech Systems, Inc. (NASDAQ:ASYS). State Street stated it has 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Natl Bank Of Mellon Corp holds 0% or 15,301 shares in its portfolio. Dimensional Fund L P reported 0% stake. Winslow Evans And Crocker has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Royal Bancshares Of Canada has 0% invested in Amtech Systems, Inc. (NASDAQ:ASYS) for 2,100 shares. California Pub Employees Retirement Systems has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Qs Investors Lc stated it has 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Vanguard Group has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Panagora Asset Management owns 8,375 shares for 0% of their portfolio. Wealthtrust Axiom Limited Liability Co owns 47,809 shares. Susquehanna Group Ltd Liability Partnership holds 0% in Amtech Systems, Inc. (NASDAQ:ASYS) or 33,484 shares.

Since May 31, 2018, it had 0 insider purchases, and 3 selling transactions for $236,550 activity. On Thursday, May 31 the insider Pentinga Fokko sold $19,622.

The stock of Amtech Systems Inc (NASDAQ:ASYS) registered an increase of 48.62% in short interest. ASYS’s total short interest was 1.02M shares in November as published by FINRA. Its up 48.62% from 688,800 shares, reported previously. With 202,800 shares average volume, it will take short sellers 5 days to cover their ASYS’s short positions. The short interest to Amtech Systems Inc’s float is 9.04%.

The stock increased 0.21% or $0.01 during the last trading session, reaching $4.83. About 41,846 shares traded. Amtech Systems, Inc. (NASDAQ:ASYS) has declined 55.72% since November 10, 2017 and is downtrending. It has underperformed by 71.34% the S&P500.

Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices primarily in the United States, Asia, Europe, and internationally. The company has market cap of $72.39 million. It operates in three divisions: Solar, Semiconductor, and Polishing. It has a 3.34 P/E ratio. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

Amtech Systems, Inc. (NASDAQ:ASYS) Ratings Coverage

Among 2 analysts covering Amtech Systems (NASDAQ:ASYS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Amtech Systems had 2 analyst reports since June 4, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, June 4 by Roth Capital. The company was downgraded on Friday, August 10 by Benchmark.

Another recent and important Amtech Systems, Inc. (NASDAQ:ASYS) news was published by Nasdaq.com which published an article titled: “New Research Coverage Highlights Amtech, Neos Therapeutics, FTD Companies, John B. Sanfilippo & Son, Molecular …” on October 16, 2018.

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