KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Update

KVH Industries, Inc. (NASDAQ:KVHI) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 568,400 shares, a decrease of 8.7% from the June 15th total of 622,900 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 126,900 shares, the short-interest ratio is currently 4.5 days.

Analyst Ratings Changes

Separately, StockNews.com raised KVH Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

KVH Industries Stock Up 0.7 %

KVH Industries stock traded up $0.03 during mid-day trading on Wednesday, hitting $4.59. 66,172 shares of the company were exchanged, compared to its average volume of 104,001. The business has a fifty day moving average of $4.85 and a 200 day moving average of $4.91. KVH Industries has a 1-year low of $4.28 and a 1-year high of $8.98. The company has a market capitalization of $90.51 million, a PE ratio of -4.81 and a beta of 0.61.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data on Monday, May 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter. KVH Industries had a negative return on equity of 0.98% and a negative net margin of 14.54%. The company had revenue of $29.27 million for the quarter.

Hedge Funds Weigh In On KVH Industries

Several hedge funds have recently added to or reduced their stakes in KVHI. Twin Focus Capital Partners LLC bought a new position in KVH Industries during the fourth quarter worth about $859,000. AMH Equity Ltd lifted its holdings in shares of KVH Industries by 187.2% during the 1st quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock valued at $1,275,000 after purchasing an additional 162,949 shares in the last quarter. Palogic Value Management L.P. lifted its holdings in shares of KVH Industries by 77.0% during the 4th quarter. Palogic Value Management L.P. now owns 268,724 shares of the communications equipment provider’s stock valued at $1,413,000 after purchasing an additional 116,895 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of KVH Industries by 637.6% during the 1st quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock valued at $210,000 after purchasing an additional 35,557 shares in the last quarter. Finally, Acuitas Investments LLC lifted its holdings in shares of KVH Industries by 23.5% during the 4th quarter. Acuitas Investments LLC now owns 158,968 shares of the communications equipment provider’s stock valued at $836,000 after purchasing an additional 30,255 shares in the last quarter. Institutional investors 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.