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

Intevac, Inc. (NASDAQ:IVAC - Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 162,500 shares, a decrease of 6.6% from the August 15th total of 174,000 shares. Based on an average trading volume of 108,900 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Intevac from a "sell" rating to a "hold" rating in a research note on Friday, September 6th.

Intevac Trading Down 2.4 %

Shares of NASDAQ:IVAC traded down $0.08 on Wednesday, hitting $3.27. 23,883 shares of the company were exchanged, compared to its average volume of 82,474. The firm has a market capitalization of $86.93 million, a P/E ratio of -8.71 and a beta of 0.80. Intevac has a 1-year low of $3.07 and a 1-year high of $4.57. The stock's 50 day moving average price is $3.67 and its 200 day moving average price is $3.82.

Intevac (NASDAQ:IVAC - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The electronics maker reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.09. Intevac had a negative return on equity of 6.80% and a negative net margin of 15.08%. The company had revenue of $14.53 million during the quarter. During the same period in the prior year, the firm posted ($0.19) EPS.

Institutional Investors Weigh In On Intevac

A number of large investors have recently bought and sold shares of the company. Firsthand Capital Management Inc. acquired a new stake in Intevac during the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its position in Intevac by 42.9% during the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker's stock valued at $44,000 after purchasing an additional 3,452 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Intevac in the second quarter valued at $144,000. Squarepoint Ops LLC grew its position in Intevac by 24.7% during the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker's stock worth $256,000 after purchasing an additional 13,144 shares during the period. Finally, Aristides Capital LLC lifted its holdings in shares of Intevac by 44.0% in the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker's stock valued at $346,000 after buying an additional 24,462 shares during the period. Hedge funds and other institutional investors own 60.27% of the company's stock.

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.