Intevac, Inc. (NASDAQ:IVAC) Short Interest Up 11.6% in November

Intevac, Inc. (NASDAQ:IVAC) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 134,600 shares, an increase of 11.6% from the October 31st total of 120,600 shares. Based on an average daily trading volume, of 68,000 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its holdings 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 valued at $12,056,000 after acquiring an additional 43,052 shares in the last quarter. Vanguard Group Inc. boosted its position in Intevac by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after purchasing an additional 83,958 shares during the last quarter. Renaissance Technologies LLC grew its stake in Intevac by 7.1% in the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock valued at $2,124,000 after purchasing an additional 36,600 shares in the last quarter. Geode Capital Management LLC increased its position in Intevac by 2.9% in 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 last quarter. Finally, Acuitas Investments LLC raised its stake in shares of Intevac by 55.1% during the 2nd quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock worth $1,101,000 after purchasing an additional 101,344 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Stock Down 2.9 %

Shares of Intevac stock opened at $2.71 on Tuesday. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The business has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $3.55.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $28.51 million during the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Wall Street Analyst Weigh In

Several brokerages have commented on IVAC. Benchmark reiterated a “hold” rating on shares of Intevac in a report on Tuesday, November 12th. StockNews.com assumed coverage on shares of Intevac in a research report on Saturday. They issued a “hold” rating for the company.

About Intevac

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.