Intevac, Inc. (NASDAQ:IVAC) Short Interest Down 22.1% in January

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

Analyst Ratings Changes

Several research analysts recently commented on IVAC shares. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th. StockNews.com began coverage on shares of Intevac in a research report on Wednesday, January 1st. They set a “hold” rating on the stock.

Institutional Trading of Intevac

Several hedge funds have recently modified their holdings of IVAC. Peapod Lane Capital LLC purchased a new stake in Intevac during the fourth quarter valued at approximately $1,562,000. Marquette Asset Management LLC grew its stake in Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares during the last quarter. Geode Capital Management LLC increased its position in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after buying an additional 8,063 shares in the last quarter. XTX Topco Ltd purchased a new stake in Intevac in the third quarter valued at about $49,000. Finally, 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 acquiring an additional 13,777 shares in the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

Intevac Stock Performance

Intevac stock traded up $0.05 during midday trading on Friday, hitting $3.52. 36,716 shares of the company’s stock were exchanged, 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 firm has a 50-day moving average of $3.26 and a two-hundred day moving average of $3.38. Intevac has a 12 month low of $2.46 and a 12 month high of $4.42.

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

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.