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

Intevac, Inc. (NASDAQ:IVAC) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 117,100 shares, a drop of 16.7% from the January 31st total of 140,600 shares. Based on an average daily volume of 282,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Intevac

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC grew its holdings in Intevac by 56.5% during the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock worth $259,000 after acquiring an additional 27,532 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 7,180 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Intevac by 38.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 81,700 shares of the electronics maker’s stock valued at $278,000 after purchasing an additional 22,900 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after buying an additional 11,353 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Intevac by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after buying an additional 9,700 shares during the period. 60.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark restated 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. They issued a “sell” rating on the stock.

Intevac Stock Up 0.2 %

NASDAQ:IVAC traded up $0.01 during midday trading on Wednesday, hitting $4.03. The stock had a trading volume of 211,650 shares, compared to its average volume of 393,364. The stock has a 50-day moving average of $3.63 and a 200 day moving average of $3.38. The company has a market capitalization of $109.49 million, a price-to-earnings ratio of -12.21 and a beta of 0.65. Intevac has a one year low of $2.46 and a one year high of $4.42.

Intevac Dividend Announcement

The company also recently declared a — dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Intevac’s dividend payout ratio is currently -60.61%.

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.