Short Interest Change: Veeco Instruments Incorporated (NASDAQ:VECO) Stock Is Shorted More

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Change: Veeco Instruments Incorporated (NASDAQ:VECO) Stock Is Shorted More

The stock of Veeco Instruments Incorporated (NASDAQ:VECO) registered an increase of 1.01% in short interest. VECO’s total short interest was 3.72 million shares in November as published by FINRA. Its up 1.01% from 3.68 million shares, reported previously. With 322,800 shares average volume, it will take short sellers 12 days to cover their VECO’s short positions. The short interest to Veeco Instruments Incorporated’s float is 9.3%. About 142,811 shares traded hands. Veeco Instruments Inc. (NASDAQ:VECO) has risen 31.77% since April 18, 2016 and is uptrending. It has outperformed by 27.34% the S&P500.

Veeco Instruments Inc. designs, manufactures, markets and supports thin film equipment. The company has a market cap of $1.05 billion. The Company’s equipment is used to make electronic devices, including light emitting diodes , micro-electromechanical systems (MEMS), wireless devices, power electronics, hard disk drives (HDDs) and semiconductors. It currently has negative earnings. The Firm operates in four geographic regions: United States; China; Europe, the Middle East and Africa, and the Rest of World.

Insitutional Activity: The institutional sentiment increased to 2.35 in 2016 Q2. Its up 1.26, from 1.09 in 2016Q1. The ratio improved, as 16 funds sold all Veeco Instruments Inc. shares owned while 40 reduced positions. 11 funds bought stakes while 50 increased positions. They now own 38.19 million shares or 0.68% more from 37.93 million shares in 2016Q1.
Moreover, Geode Capital Limited Liability has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 283,967 shares. The New Jersey-based Bessemer has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Capstone Asset Mngmt reported 11,530 shares or 0.01% of all its holdings. Pnc Financial Services Group Inc owns 396 shares or 0% of their US portfolio. Moreover, Nationwide Fund has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 27,236 shares. Deutsche National Bank Ag has invested 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). Barclays Public Limited Liability Company, a United Kingdom-based fund reported 993 shares. Fisher Asset Management Ltd Liability Corporation last reported 1.80 million shares in the company. Moreover, Da Davidson And has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 316 shares. Blackrock Fund reported 2.60 million shares or 0.01% of all its holdings. Dimensional Fund Advisors L P holds 1.89M shares or 0.02% of its portfolio. The New Jersey-based Prudential has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO). Bank & Trust Of Montreal Can owns 5,115 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Blackrock last reported 0% of its portfolio in the stock.

Veeco Instruments Inc. (NASDAQ:VECO) Ratings Coverage

Out of 10 analysts covering Veeco Instruments (NASDAQ:VECO), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Veeco Instruments has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Benchmark on Thursday, October 29. The company was upgraded on Tuesday, August 2 by Deutsche Bank. Pacific Crest initiated the stock with “Overweight” rating in Friday, May 13 report. On Monday, September 12 the stock rating was maintained by Benchmark with “Buy”. Summit Research upgraded the shares of VECO in a report on Friday, December 11 to “Hold” rating. The stock has “Hold” rating given by Summit Research on Monday, April 4. The firm earned “Overweight” rating on Thursday, October 6 by KeyBanc Capital Markets. The rating was maintained by UBS on Thursday, October 6 with “Buy”. The company was downgraded on Thursday, October 29 by JP Morgan. On Wednesday, October 14 the stock rating was maintained by Deutsche Bank with “Hold”.

VECO Company Profile

Veeco Instruments Inc., incorporated on August 8, 1989, designs, makes, markets and supports thin film equipment. The Company’s equipment is used to make electronic devices, including light emitting diodes (LED), micro-electromechanical systems (MEMS), wireless devices, power electronics, hard disk drives (HDDs) and semiconductors. The Firm operates in four geographic regions: United States; China; Europe, the Middle East and Africa, and the Rest of World.

More recent Veeco Instruments Inc. (NASDAQ:VECO) news were published by: Fool.com which released: “Veeco Instruments, Inc. Stock Jumps on Second-Quarter Results” on August 02, 2016. Also Fool.com published the news titled: “Why Veeco Instruments Inc. Stock Has Been on a Roller Coaster” on November 11, 2015. Fool.com‘s news article titled: “Veeco Instruments Inc. Tumbles on Weak Outlook” with publication date: October 29, 2015 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>