Intevac, Inc. (NASDAQ:IVAC) Short Interest Update

Intevac, Inc. (NASDAQ:IVAC - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 117,100 shares, a decline of 16.7% from the January 31st total of 140,600 shares. Based on an average daily trading volume, of 282,700 shares, the days-to-cover ratio is currently 0.4 days.

Intevac Price Performance

IVAC traded down $0.02 on Friday, hitting $4.01. The company had a trading volume of 548,772 shares, compared to its average volume of 404,138. The company's fifty day moving average price is $3.66 and its 200 day moving average price is $3.39. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42. The stock has a market cap of $108.94 million, a price-to-earnings ratio of -12.15 and a beta of 0.62.

Intevac Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date is Friday, February 28th. Intevac's dividend payout ratio (DPR) is currently -60.61%.

Institutional Investors Weigh In On Intevac

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker's stock worth $36,000 after buying an additional 7,180 shares during the period. XTX Topco Ltd bought a new position in Intevac in the 3rd quarter worth approximately $49,000. Boothbay Fund Management LLC increased its position in Intevac by 49.2% in the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker's stock worth $117,000 after buying an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD increased its position in Intevac by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker's stock worth $135,000 after buying an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC increased its position in Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker's stock worth $225,000 after buying an additional 14,888 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several equities research analysts recently weighed in on IVAC shares. StockNews.com started coverage on Intevac in a report on Wednesday. They issued a "sell" rating for the company. Benchmark restated a "hold" rating on shares of Intevac in a report on Tuesday, November 12th.

Intevac Company Profile

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.