What’s in Veeco Instruments Inc (NASDAQ:VECO) After Rise in Shorted Shares?

June 13, 2018 - By Darrin Black

Veeco Instruments Inc. (NASDAQ:VECO) Logo

Investors sentiment increased to 1.46 in Q1 2018. Its up 0.42, from 1.04 in 2017Q4. It increased, as 23 investors sold Veeco Instruments Inc. shares while 33 reduced holdings. 26 funds opened positions while 56 raised stakes. 45.00 million shares or 2.97% more from 43.70 million shares in 2017Q4 were reported.
River & Mercantile Asset Management Llp holds 1.43M shares. The South Dakota-based South Dakota Invest Council has invested 0.01% in Veeco Instruments Inc. (NASDAQ:VECO). Frontier Capital Mgmt Limited Liability, Massachusetts-based fund reported 2.66M shares. Tower Research Capital Ltd (Trc) stated it has 900 shares or 0% of all its holdings. Comerica Bancorporation has 0.01% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 50,634 shares. Credit Suisse Ag reported 0% in Veeco Instruments Inc. (NASDAQ:VECO). Deutsche Commercial Bank Ag reported 77,447 shares stake. Schwab Charles Inc holds 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO) for 373,923 shares. Texas Permanent School Fund reported 31,977 shares or 0.01% of all its holdings. Kbc Grp Nv holds 0% or 30,220 shares. Renaissance Lc has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). Grp Inc One Trading Lp, Illinois-based fund reported 4,033 shares. California State Teachers Retirement Sys holds 71,727 shares. Vanguard Grp Inc Inc has 0% invested in Veeco Instruments Inc. (NASDAQ:VECO). Boston Ptnrs invested 0% in Veeco Instruments Inc. (NASDAQ:VECO).

The stock of Veeco Instruments Inc (NASDAQ:VECO) registered an increase of 7.65% in short interest. VECO’s total short interest was 4.61 million shares in June as published by FINRA. Its up 7.65% from 4.28M shares, reported previously. With 375,500 shares average volume, it will take short sellers 12 days to cover their VECO’s short positions. The short interest to Veeco Instruments Inc’s float is 9.69%.

The stock decreased 2.45% or $0.45 during the last trading session, reaching $17.9. About 346,092 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has declined 47.87% since June 13, 2017 and is downtrending. It has underperformed by 60.44% the S&P500.

Veeco Instruments Inc., together with its subsidiaries, designs, develops, makes, markets, and supports thin film process equipment to make light emitting diodes , micro-electromechanical systems (MEMS), power electronics, wireless devices, hard disk drives (HDDs), and semiconductor devices worldwide. The company has market cap of $871.59 million. It offers metal organic chemical vapor deposition systems; precision surface processing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; and other deposition and industrial products, as well as support services. It currently has negative earnings. The firm sells its products to LED, MEMS, outsourced semiconductor assembly and test, HDD, and semiconductor manufacturers, as well as research centers and universities.

More news for Veeco Instruments Inc. (NASDAQ:VECO) were recently published by: Nasdaq.com, which released: “Lumentum Selects Veeco’s K475i MOCVD System for Next-Generation Applications Including 3D Sensing, High-Speed …” on May 22, 2018. Nasdaq.com‘s article titled: “Aledia Selects Veeco Propel GaN MOCVD Platform Based on Optimal Performance for Large Wafer 3D LED Production” and published on June 13, 2018 is yet another important article.

Veeco Instruments Inc. (NASDAQ:VECO) Institutional Positions Chart

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