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

Intevac, Inc. (NASDAQ:IVAC) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 797,900 shares, a growth of 7.3% from the March 15th total of 743,800 shares. Based on an average daily trading volume, of 63,300 shares, the short-interest ratio is currently 12.6 days.

Institutional Investors Weigh In On Intevac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Intevac by 181.0% in the second quarter. BlackRock Inc. now owns 1,568,027 shares of the electronics maker’s stock valued at $5,880,000 after purchasing an additional 1,009,919 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Intevac by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,496,324 shares of the electronics maker’s stock valued at $10,968,000 after purchasing an additional 96,436 shares in the last quarter. Vanguard Group Inc. increased its stake in Intevac by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 1,276,108 shares of the electronics maker’s stock valued at $5,513,000 after purchasing an additional 55,530 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Intevac by 19.0% during the second quarter. Renaissance Technologies LLC now owns 630,577 shares of the electronics maker’s stock valued at $2,365,000 after buying an additional 100,900 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Intevac by 13.9% during the second quarter. Kennedy Capital Management LLC now owns 595,919 shares of the electronics maker’s stock valued at $2,235,000 after buying an additional 72,845 shares during the last quarter. 60.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Intevac from a “sell” rating to a “hold” rating in a research note on Monday, February 19th.

Intevac Stock Down 4.5 %

Shares of NASDAQ IVAC opened at $3.61 on Tuesday. Intevac has a twelve month low of $3.07 and a twelve month high of $7.45. The firm has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.86. The company has a market capitalization of $95.95 million, a PE ratio of -7.68 and a beta of 0.73.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, February 5th. The electronics maker reported ($0.07) earnings per share for the quarter. Intevac had a negative net margin of 23.15% and a negative return on equity of 9.31%. The company had revenue of $12.91 million during the quarter.

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.