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

Intevac, Inc. (NASDAQ:IVAC) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 140,600 shares, a growth of 29.9% from the January 15th total of 108,200 shares. Based on an average daily volume of 119,400 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several analysts have weighed in on IVAC shares. StockNews.com downgraded shares of Intevac from a “hold” rating to a “sell” rating in a research note on Friday. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Intevac

A number of hedge funds have recently modified their holdings of the company. Boothbay Fund Management LLC increased its position in shares of Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after acquiring an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Intevac by 32.3% in 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 acquiring an additional 9,700 shares during the period. Marshall Wace LLP purchased a new position in shares of Intevac in the fourth quarter valued at about $321,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Intevac by 11.3% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock valued at $943,000 after acquiring an additional 28,200 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Intevac by 13.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock valued at $2,007,000 after acquiring an additional 71,100 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Intevac Price Performance

Intevac stock traded up $0.01 during mid-day trading on Friday, hitting $4.04. The company’s stock had a trading volume of 847,119 shares, compared to its average volume of 39,654. The stock has a market cap of $108.96 million, a price-to-earnings ratio of -12.24 and a beta of 0.65. The business has a 50 day moving average price of $3.43 and a 200-day moving average price of $3.35. Intevac has a 12 month low of $2.46 and a 12 month high of $4.42.

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.