The stock of Axcelis Tech Incorporated (NASDAQ:ACLS) registered an increase of 13.67% in short interest. ACLS’s total short interest was 868,200 shares in September as published by FINRA. Its up 13.67% from 763,800 shares, reported previously. With 104,000 shares average volume, it will take short sellers 8 days to cover their ACLS’s short positions. The short interest to Axcelis Tech Incorporated’s float is 3.36%. About 182,530 shares traded hands or 12.10% up from the average. Axcelis Technologies Inc (NASDAQ:ACLS) has risen 29.27% since February 8, 2016 and is uptrending. It has outperformed by 12.79% the S&P500.
Axcelis Technologies, Inc. designs, makes and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company has a market cap of $375.16 million. The Firm operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. It has a 32.62 P/E ratio. The Firm sells its equipment to semiconductor chip manufacturers across the world.
The institutional sentiment decreased to 0.55 in Q2 2016. Its down 0.54, from 1.09 in 2016Q1. The ratio dived, as 34 funds sold all Axcelis Technologies Inc shares owned while 24 reduced positions. 5 funds bought stakes while 27 increased positions. They now own 43.44 million shares or 46.93% less from 81.85 million shares in 2016Q1.
Sg Capital Management Llc holds 2.28% of its portfolio in Axcelis Technologies Inc for 3.45 million shares. Adirondack Research & Management Inc. owns 1.66 million shares or 1.68% of their US portfolio. Moreover, True Bearing Asset Management Lp has 1.21% invested in the company for 85,006 shares. The Pennsylvania-based Schneider Capital Management Corp has invested 1.01% in the stock. Southport Management L.L.C., a Wyoming-based fund reported 75,000 shares.
Out of 2 analysts covering Axcelis Technologies (NASDAQ:ACLS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Axcelis Technologies has been the topic of 2 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Benchmark maintained the stock on November 5 with “Buy” rating.
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