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

Intevac, Inc. (NASDAQ:IVAC) saw a significant growth in short interest in 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 trading volume, of 119,400 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Intevac

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in Intevac during the third quarter worth about $49,000. Boothbay Fund Management LLC lifted its stake 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 worth $117,000 after buying an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 worth $135,000 after buying an additional 9,700 shares in the last quarter. Marquette Asset Management LLC lifted its stake in shares of Intevac by 29.0% in the fourth 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Intevac in the fourth quarter worth approximately $321,000. Institutional investors own 60.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com lowered shares of Intevac from a “hold” rating to a “sell” rating in a research note on Friday.

Intevac Price Performance

NASDAQ:IVAC traded up $0.01 during mid-day trading on Friday, hitting $4.04. 847,119 shares of the company’s stock were exchanged, compared to its average volume of 39,654. Intevac has a one year low of $2.46 and a one year high of $4.42. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.35. The company has a market cap of $108.96 million, a PE ratio of -12.24 and a beta of 0.65.

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.