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

Intevac, Inc. (NASDAQ:IVAC - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 140,600 shares, a growth of 29.9% from the January 15th total of 108,200 shares. Based on an average daily volume of 119,400 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Intevac

Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. Royce & Associates LP grew its stake in shares of Intevac by 1.2% during the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker's stock worth $12,056,000 after purchasing an additional 43,052 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Intevac by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker's stock worth $382,000 after purchasing an additional 10,013 shares during the period. RBF Capital LLC grew its stake in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker's stock worth $753,000 after purchasing an additional 13,777 shares during the period. XTX Topco Ltd acquired a new stake in shares of Intevac during the 3rd quarter worth approximately $49,000. Finally, Geode Capital Management LLC grew its stake in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock worth $977,000 after purchasing an additional 8,063 shares during the period. Institutional investors and hedge funds own 60.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IVAC shares. StockNews.com lowered shares of Intevac from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Benchmark reaffirmed a "hold" rating on shares of Intevac in a research report on Tuesday, November 12th.

Intevac Price Performance

NASDAQ:IVAC traded down $0.01 during midday trading on Thursday, hitting $4.05. The company's stock had a trading volume of 408,217 shares, compared to its average volume of 320,534. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.42. The firm's 50 day moving average is $3.51 and its 200-day moving average is $3.37. The firm has a market cap of $109.90 million, a P/E ratio of -12.26 and a beta of 0.65.

Intevac Announces Dividend

The firm also recently declared 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 of this dividend is Friday, February 28th.

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.