Ossen Innovation Co., Ltd. (OSN) Reaches $4.99 After 4.00% Up Move; Veeco Instruments (VECO) Shorts Up By 12.7%

January 28, 2018 - By Kurt Siggers

Veeco Instruments Incorporated (NASDAQ:VECO) had an increase of 12.7% in short interest. VECO’s SI was 4.60 million shares in January as released by FINRA. Its up 12.7% from 4.08 million shares previously. With 665,500 avg volume, 7 days are for Veeco Instruments Incorporated (NASDAQ:VECO)’s short sellers to cover VECO’s short positions. The SI to Veeco Instruments Incorporated’s float is 11.53%. The stock increased 0.29% or $0.05 during the last trading session, reaching $17. About 501,533 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since January 28, 2017 and is uptrending. It has outperformed by 77.85% the S&P500.

The stock of Ossen Innovation Co., Ltd. (NASDAQ:OSN) is a huge mover today! The stock increased 10.91% or $0.49 during the last trading session, reaching $4.99. About 111,816 shares traded or 42.52% up from the average. Ossen Innovation Co., Ltd. (NASDAQ:OSN) has declined 18.18% since January 28, 2017 and is downtrending. It has underperformed by 34.88% the S&P500.The move comes after 8 months positive chart setup for the $32.92M company. It was reported on Jan, 28 by Barchart.com. We have $5.19 PT which if reached, will make NASDAQ:OSN worth $1.32M more.

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 $821.13 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.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 1.69, from 2.73 in 2017Q2. It turned negative, as 33 investors sold Veeco Instruments Inc. shares while 43 reduced holdings. 20 funds opened positions while 59 raised stakes. 46.24 million shares or 2.00% more from 45.34 million shares in 2017Q2 were reported. Jpmorgan Chase And owns 0% invested in Veeco Instruments Inc. (NASDAQ:VECO) for 62,237 shares. Aperio Group Inc Ltd Llc accumulated 10,179 shares. Bessemer Gp Inc holds 0% or 136 shares in its portfolio. Neuberger Berman Group Inc Ltd Liability Company owns 1.27M shares. New York-based Van Eck Associate Corp has invested 0.01% in Veeco Instruments Inc. (NASDAQ:VECO). Tower Research Limited Company (Trc) stated it has 0.01% in Veeco Instruments Inc. (NASDAQ:VECO). State Of Alaska Department Of Revenue invested in 9,498 shares. Comml Bank Of Montreal Can invested 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). Geode Capital Mngmt Limited Liability Company, a Massachusetts-based fund reported 429,955 shares. State Bank Of America Corporation De reported 718,556 shares stake. Kbc Nv has invested 0.02% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). First Mercantile has invested 0.06% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). Pinnacle Advisory Group invested 0.32% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO). Public Employees Retirement Sys Of Ohio accumulated 3,604 shares. Ontario – Canada-based Manufacturers Life The has invested 0% in Veeco Instruments Inc. (NASDAQ:VECO).

Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments had 31 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 3 by Benchmark. The stock has “Buy” rating by Benchmark on Monday, September 12. The rating was downgraded by JP Morgan to “Neutral” on Thursday, October 29. The company was downgraded on Tuesday, October 24 by KeyBanc Capital Markets. The rating was upgraded by Summit Research on Friday, December 11 to “Hold”. On Friday, August 4 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was upgraded by J.P. Morgan on Tuesday, June 13 to “Buy”. The rating was maintained by Benchmark with “Buy” on Wednesday, January 11. As per Monday, April 4, the company rating was upgraded by Summit Research. KeyBanc Capital Markets maintained the shares of VECO in report on Friday, August 18 with “Overweight” rating.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the PeopleÂ’s Republic of China. The company has market cap of $32.92 million. It offers plain surface products, including plain surface prestressed concrete strands that are used as precast concrete plates on the riding surface of bridges; and unbonded plain surface PC strands for the construction of bridges and buildings. It has a 6.24 P/E ratio. The firm also provides plain surface PC wires and indented PC wires, which are used in the construction of buildings; helical rib PC wires for the construction of railway ties or sleepers, and buildings; and coated prestressed products comprising zinc coated PC products and rare earth coated PC products.

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