Versum Materials Inc (NYSE:VSM) Short Interest Update

Versum Materials Inc (NYSE:VSM) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 8,702,200 shares, an increase of 5.1% from the June 30th total of 8,279,800 shares. Currently, 8.0% of the company’s shares are sold short. Based on an average daily volume of 963,800 shares, the days-to-cover ratio is presently 9.0 days.

Shares of Versum Materials stock opened at $51.90 on Friday. Versum Materials has a fifty-two week low of $25.02 and a fifty-two week high of $52.58. The firm has a market cap of $5.67 billion, a PE ratio of 22.09 and a beta of 1.66. The business’s fifty day moving average is $51.82 and its two-hundred day moving average is $49.44. The company has a quick ratio of 3.12, a current ratio of 4.33 and a debt-to-equity ratio of 4.77.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Versum Materials had a return on equity of 99.97% and a net margin of 5.87%. The business had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $351.13 million. During the same period in the prior year, the company earned $0.63 EPS. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities research analysts anticipate that Versum Materials will post 2.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, August 12th. Versum Materials’s dividend payout ratio (DPR) is currently 13.62%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Heritage Wealth Advisors raised its position in shares of Versum Materials by 20.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock worth $60,000 after buying an additional 200 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Versum Materials by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,170 shares of the basic materials company’s stock worth $1,040,000 after buying an additional 290 shares during the period. Machina Capital S.A.S. raised its position in shares of Versum Materials by 97.7% in the 2nd quarter. Machina Capital S.A.S. now owns 593 shares of the basic materials company’s stock worth $31,000 after buying an additional 293 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Versum Materials by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 300 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Versum Materials by 1.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 29,139 shares of the basic materials company’s stock worth $1,466,000 after buying an additional 393 shares during the period. 92.09% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised Versum Materials from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Versum Materials presently has an average rating of “Hold” and an average price target of $46.50.

About Versum Materials

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 operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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