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

Intevac, Inc. (NASDAQ:IVAC) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 97,500 shares, a decrease of 16.7% from the February 13th total of 117,100 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 332,500 shares, the days-to-cover ratio is presently 0.3 days.

Intevac Price Performance

Shares of IVAC stock traded down $0.01 during midday trading on Wednesday, reaching $4.03. 119,556 shares of the company traded hands, compared to its average volume of 153,841. The firm’s 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $3.41. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42. The firm has a market cap of $109.49 million, a PE ratio of -12.21 and a beta of 0.62.

Intevac Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Monday, March 24th. Intevac’s dividend payout ratio (DPR) is -60.61%.

Institutional Trading of Intevac

Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 acquiring an additional 10,013 shares in the last quarter. RBF Capital LLC boosted its holdings 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 purchasing an additional 13,777 shares during the period. XTX Topco Ltd acquired a new position in Intevac in the third quarter valued at approximately $49,000. Geode Capital Management LLC increased its position in Intevac by 2.9% in the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after buying an additional 8,063 shares during the period. Finally, Marquette Asset Management LLC increased its holdings in shares of Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 14,888 shares during the period. 60.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Intevac in a report on Thursday, March 13th. They set a “sell” rating on the stock.

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.