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

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its position in shares of Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 7,180 shares during the period. XTX Topco Ltd bought a new position in shares of Intevac during the 3rd quarter valued at approximately $49,000. Boothbay Fund Management LLC grew its position in shares of Intevac by 49.2% during the 4th 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 grew its position in shares of Intevac by 32.3% during the 4th 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. Finally, Marquette Asset Management LLC grew its position in shares of Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after acquiring an additional 14,888 shares during the period. 60.27% of the stock is owned by institutional investors.

Intevac Stock Performance

IVAC traded up $0.01 during midday trading on Tuesday, reaching $4.04. The company had a trading volume of 270,805 shares, compared to its average volume of 154,024. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The business has a 50-day moving average price of $3.73 and a two-hundred day moving average price of $3.41. The stock has a market cap of $109.76 million, a PE ratio of -12.24 and a beta of 0.62.

Intevac Dividend Announcement

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 given a dividend of $0.052 per share. Intevac’s dividend payout ratio is currently -60.61%.

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.