Shorts Action: Today Ultratech Incorporated (NASDAQ:UTEK) Reported Increase in Shorted Shares

November 18, 2016 - By Ruchi Gupta   ·   0 Comments

Shorts Action: Today Ultratech Incorporated (NASDAQ:UTEK) Reported Increase in Shorted Shares

The stock of Ultratech Incorporated (NASDAQ:UTEK) registered an increase of 1.38% in short interest. UTEK’s total short interest was 766,200 shares in November as published by FINRA. Its up 1.38% from 755,800 shares, reported previously. With 146,000 shares average volume, it will take short sellers 5 days to cover their UTEK’s short positions. The short interest to Ultratech Incorporated’s float is 3.58%. About 31,086 shares traded hands. Ultratech, Inc. (NASDAQ:UTEK) has risen 6.78% since April 18, 2016 and is uptrending. It has outperformed by 2.35% the S&P500.

Ultratech, Inc. develops, makes and markets photolithography, laser thermal processing and inspection equipment. The company has a market cap of $631.81 million. The Firm operates through the manufacture and distribution of capital equipment to manufacturers of integrated circuits and nanotechnology components segment. It currently has negative earnings. The Firm serves manufacturers of semiconductor devices, including advanced packaging processes and various nanotechnology components, such as thin film head magnetic recording devices (thin film heads or TFHs), laser diodes, high-brightness light emitting diodes (HBLEDs), as well as atomic layer deposition systems (ALD).

Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.93, from 0.66 in 2016Q1. The ratio is positive, as 10 funds sold all Ultratech, Inc. shares owned while 48 reduced positions. 10 funds bought stakes while 28 increased positions. They now own 25.00 million shares or 4.50% less from 26.18 million shares in 2016Q1.
Manufacturers Life Ins The reported 14,948 shares or 0% of all its holdings. Paloma Prtn Management accumulated 0% or 18,627 shares. Schwab Charles Invest Inc, a California-based fund reported 94,848 shares. Jpmorgan Chase And Co accumulated 0% or 18,198 shares. State Teachers Retirement System has 0% invested in the company for 75,437 shares. Tci Wealth Advsr last reported 0% of its portfolio in the stock. State Of Wisconsin Board holds 0.04% of its portfolio in Ultratech, Inc. (NASDAQ:UTEK) for 401,679 shares. Barclays Public Limited Co holds 0% of its portfolio in Ultratech, Inc. (NASDAQ:UTEK) for 1,147 shares. Geode Mgmt Ltd Liability Company has 0% invested in the company for 190,014 shares. The New York-based Pinebridge Invests L P has invested 0% in Ultratech, Inc. (NASDAQ:UTEK). Kbc Grp Nv reported 11,287 shares or 0% of all its holdings. Millennium Mngmt Lc holds 0% of its portfolio in Ultratech, Inc. (NASDAQ:UTEK) for 12,303 shares. Tiaa Cref Management Ltd reported 79,084 shares or 0% of all its holdings. Sei Invests Co, a Pennsylvania-based fund reported 7,941 shares. Massachusetts Serv Co Ma last reported 159,311 shares in the company.

Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 8 insider sales for $22.98 million net activity. 20,000 shares were sold by WRIGHT BRUCE R, worth $488,800 on Friday, July 29. ZAFIROPOULO ARTHUR W sold $1.28 million worth of stock. $255,453 worth of shares were sold by Landon Tammy Denice on Wednesday, July 27. 1,900 shares with value of $47,462 were sold by Ghosh Dave on Friday, September 2. CARLSON CAPITAL L P also sold $19.86M worth of Ultratech, Inc. (NASDAQ:UTEK) shares.

Ultratech, Inc. (NASDAQ:UTEK) Ratings Coverage

Out of 3 analysts covering Ultratech (NASDAQ:UTEK), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Ultratech has been the topic of 4 analyst reports since October 13, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained it with “Neutral” rating and $16.50 target price in Friday, October 23 report. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, October 13 report.

UTEK Company Profile

Ultratech, Inc. (Ultratech), incorporated on September 21, 1992, develops, makes and markets photolithography, laser thermal processing and inspection equipment. The Firm operates through the manufacture and distribution of capital equipment to manufacturers of integrated circuits and nanotechnology components segment. The Firm serves manufacturers of semiconductor devices, including advanced packaging processes and various nanotechnology components, such as thin film head magnetic recording devices (thin film heads or TFHs), laser diodes, high-brightness light emitting diodes (HBLEDs), as well as atomic layer deposition systems (ALD) for clients located throughout North America, Europe, Singapore, Japan, Taiwan, Korea and the rest of Asia.

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By Ruchi Gupta


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