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

Intevac, Inc. (NASDAQ:IVAC - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 97,500 shares, a drop of 16.7% from the February 13th total of 117,100 shares. Based on an average daily trading volume, of 332,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Intevac in a research report on Friday. They issued a "sell" rating for the company.

Intevac Stock Down 0.2 %

Shares of IVAC stock traded down $0.01 during mid-day trading on Friday, reaching $4.03. 340,880 shares of the company's stock traded hands, compared to its average volume of 154,826. The company's 50-day moving average price is $3.77 and its 200-day moving average price is $3.42. The company has a market cap of $109.49 million, a P/E ratio of -12.21 and a beta of 0.62. Intevac has a 12 month low of $2.46 and a 12 month high of $4.42.

Intevac Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.052 per share. The ex-dividend date is Monday, March 24th. Intevac's dividend payout ratio (DPR) is presently -60.61%.

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Institutional Investors Weigh In On Intevac

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its position in shares of 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 purchasing an additional 7,180 shares during the last quarter. XTX Topco Ltd purchased a new stake in Intevac during the 3rd quarter valued at about $49,000. Boothbay Fund Management LLC increased its stake in Intevac by 49.2% during the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker's stock valued at $117,000 after purchasing an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Intevac by 32.3% in the fourth 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 in the last quarter. Finally, Marquette Asset Management LLC lifted its stake in shares of Intevac by 29.0% in the fourth 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 in the last quarter. 60.27% of the stock is owned by institutional investors.

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.