Short Interest in Intevac, Inc. (NASDAQ:IVAC) Declines By 28.6%

Intevac, Inc. (NASDAQ:IVAC) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 96,100 shares, a decrease of 28.6% from the November 15th total of 134,600 shares. Based on an average daily trading volume, of 73,500 shares, the short-interest ratio is presently 1.3 days.

Intevac Stock Down 0.6 %

IVAC stock traded down $0.02 during mid-day trading on Friday, hitting $3.45. The company had a trading volume of 156,878 shares, compared to its average volume of 87,321. The company has a 50-day moving average price of $3.09 and a 200 day moving average price of $3.49. Intevac has a 12-month low of $2.46 and a 12-month high of $4.57. The company has a market capitalization of $93.05 million, a price-to-earnings ratio of -10.45 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The company had revenue of $28.51 million for the quarter.

Institutional Investors Weigh In On Intevac

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Intevac by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,063 shares during the period. XTX Topco Ltd purchased a new stake in shares of Intevac during the third quarter valued at $49,000. RBF Capital LLC grew its stake in Intevac by 6.6% in the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after purchasing an additional 10,013 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after purchasing an additional 43,052 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.

Analysts Set New Price Targets

IVAC has been the topic of several recent analyst reports. StockNews.com assumed coverage on Intevac in a research note on Sunday, December 8th. They set a “hold” rating on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a report on Tuesday, November 12th.

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.