Is Buying Versum Materials Inc (NYSE:VSM), Having Higher Short Interest a Winning Strategy?

June 14, 2018 - By Hazel Jackson

The stock of Versum Materials Inc (NYSE:VSM) registered an increase of 21.29% in short interest. VSM’s total short interest was 2.41 million shares in June as published by FINRA. Its up 21.29% from 1.98M shares, reported previously. With 724,400 shares average volume, it will take short sellers 3 days to cover their VSM’s short positions. The short interest to Versum Materials Inc’s float is 2.22%.

The stock increased 0.12% or $0.05 during the last trading session, reaching $40.15. About 219,388 shares traded. Versum Materials, Inc. (NYSE:VSM) has risen 24.49% since June 14, 2017 and is uptrending. It has outperformed by 11.92% the S&P500.

Versum Materials, Inc. develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company has market cap of $4.37 billion. It operates in two divisions, Materials, and Delivery Systems and Services . It has a 27.5 P/E ratio. The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.

More recent Versum Materials, Inc. (NYSE:VSM) news were published by: Businesswire.com which released: “Versum Materials Joins More Than 400 CEOs in Commitment to Advance Diversity and Inclusion in the Workplace” on May 21, 2018. Also Businesswire.com published the news titled: “Versum Materials Introduces Smart, Fab-wide Heat Sourcing and Control for Electronic Specialty Gases in …” on May 23, 2018. Tucson.com‘s news article titled: “Versum Materials to Present at Stifel 2018 Cross Sector Insight Conference” with publication date: June 04, 2018 was also an interesting one.

Versum Materials, Inc. (NYSE:VSM) Ratings Chart

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