Intevac, Inc. (NASDAQ:IVAC) Short Interest Down 16.7% in February

Intevac, Inc. (NASDAQ:IVAC) saw a large decrease in short interest in 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 332,500 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Intevac Stock Up 0.2 %

IVAC traded up $0.01 during trading on Tuesday, hitting $4.04. 270,805 shares of the company’s stock were exchanged, compared to its average volume of 154,024. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.42. The stock has a market cap of $109.76 million, a P/E ratio of -12.24 and a beta of 0.62. The business’s 50 day moving average is $3.73 and its two-hundred day moving average is $3.41.

Intevac Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.052 dividend. Intevac’s dividend payout ratio is presently -60.61%.

Institutional Investors Weigh In On Intevac

Institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 worth $382,000 after acquiring an additional 10,013 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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. XTX Topco Ltd bought a new position in shares of Intevac during the third quarter valued at about $49,000. Marquette Asset Management LLC boosted its holdings in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in Intevac in the 4th quarter valued at about $1,562,000. Institutional investors own 60.27% of the company’s stock.

About Intevac

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.