Short Interest in KVH Industries, Inc. (NASDAQ:KVHI) Drops By 25.0%

KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 47,200 shares, a drop of 25.0% from the October 15th total of 62,900 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is currently 1.4 days.

KVH Industries Stock Performance

Shares of KVHI stock traded up $0.12 on Friday, hitting $5.11. The company had a trading volume of 75,159 shares, compared to its average volume of 82,350. KVH Industries has a twelve month low of $4.17 and a twelve month high of $5.49. The firm has a market cap of $101.18 million, a P/E ratio of -5.20 and a beta of 0.60. The stock's 50-day moving average is $4.72 and its two-hundred day moving average is $4.73.

Insider Activity at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the business's stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $4.67 per share, for a total transaction of $81,720.33. Following the completion of the acquisition, the insider now owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen H. Deckoff acquired 50,200 shares of KVH Industries stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $224,394.00. Following the purchase, the director now owns 3,357,398 shares of the company's stock, valued at $15,007,569.06. The trade was a 1.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 97,787 shares of company stock valued at $445,422 in the last 90 days. 20.70% of the stock is owned by corporate insiders.

Institutional Trading of KVH Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in KVH Industries by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider's stock worth $4,911,000 after acquiring an additional 6,382 shares during the period. Acuitas Investments LLC lifted its holdings in shares of KVH Industries by 19.1% in the 2nd quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider's stock worth $1,237,000 after purchasing an additional 42,613 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of KVH Industries by 38.8% during the second quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider's stock valued at $825,000 after buying an additional 49,600 shares during the last quarter. Barclays PLC increased its holdings in KVH Industries by 4.2% during the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider's stock worth $316,000 after purchasing an additional 2,645 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of KVH Industries by 6.0% in the third quarter. State Street Corp now owns 59,980 shares of the communications equipment provider's stock valued at $290,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company's stock.

KVH Industries Company Profile

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.