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

Intevac, Inc. (NASDAQ:IVAC) saw a significant growth in short interest in 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 trading volume of 119,400 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IVAC. Benchmark reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com lowered Intevac from a “hold” rating to a “sell” rating in a research report on Friday.

Intevac Trading Up 0.2 %

Shares of Intevac stock traded up $0.01 during trading on Friday, reaching $4.04. The company’s stock had a trading volume of 847,119 shares, compared to its average volume of 39,654. The company has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.35. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.42. The firm has a market cap of $108.96 million, a PE ratio of -12.24 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC boosted its stake in shares of Intevac by 1.9% during the fourth quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock worth $1,079,000 after buying an additional 5,800 shares during the period. Geode Capital Management LLC raised its stake in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after acquiring an additional 8,063 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Intevac by 32.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after acquiring an additional 9,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 10,013 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in shares of Intevac by 49.2% in the fourth 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 during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.