Short Interest in Intevac, Inc. (NASDAQ:IVAC) Decreases By 22.1%

Intevac, Inc. (NASDAQ:IVAC) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 137,600 shares, a decline of 22.1% from the December 31st total of 176,600 shares. Based on an average daily volume of 113,000 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a report on Tuesday, November 12th. StockNews.com began coverage on shares of Intevac in a research note on Wednesday, January 1st. They issued a “hold” rating for the company.

Intevac Trading Up 1.4 %

IVAC traded up $0.05 during trading on Friday, hitting $3.52. 36,716 shares of the company traded hands, compared to its average volume of 36,201. The company has a market cap of $94.94 million, a PE ratio of -10.67 and a beta of 0.66. The stock’s 50-day simple moving average is $3.26 and its two-hundred day simple moving average is $3.38. Intevac has a 1 year low of $2.46 and a 1 year high of $4.42.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. The firm had revenue of $28.51 million for the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after purchasing an additional 8,063 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Intevac by 9.8% during 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 buying an additional 10,013 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Intevac by 24.7% in the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after acquiring an additional 13,144 shares during the last quarter. RBF Capital LLC grew its position in Intevac by 6.6% in the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Intevac during the third quarter worth approximately $49,000. 60.27% of the stock is currently owned by institutional investors.

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.