Intevac, Inc. (NASDAQ:IVAC – Get Free Report) was the recipient of a large growth in short interest in 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 presently 12.6 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in IVAC. Dimensional Fund Advisors LP boosted its holdings in shares of Intevac by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,330,111 shares of the electronics maker’s stock valued at $7,116,000 after purchasing an additional 26,482 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Intevac by 1,365.1% in the 1st quarter. Gabelli Funds LLC now owns 197,850 shares of the electronics maker’s stock valued at $1,058,000 after buying an additional 184,346 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Intevac in the 1st quarter valued at about $594,000. Teton Advisors Inc. grew its position in shares of Intevac by 23.6% in the 1st quarter. Teton Advisors Inc. now owns 206,000 shares of the electronics maker’s stock valued at $1,102,000 after buying an additional 39,270 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Intevac in the 1st quarter valued at about $83,000. 60.27% of the stock is owned by institutional investors.
Intevac Stock Down 4.5 %
IVAC stock opened at $3.61 on Tuesday. Intevac has a 52 week low of $3.07 and a 52 week high of $7.45. The business has a 50-day simple moving average of $3.86 and a 200 day simple moving average of $3.86. The company has a market cap of $95.95 million, a PE ratio of -7.68 and a beta of 0.73.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Monday, February 19th.
Get Our Latest Research Report on Intevac
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.
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