inTEST Co. (NYSEAMERICAN:INTT) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 5,900 shares, an increase of 59.5% from the September 15th total of 3,700 shares. Based on an average trading volume of 33,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
In other news, Director Gerald J. Maginnis purchased 10,250 shares of inTEST stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $4.99 per share, with a total value of $51,147.50. Following the transaction, the director now directly owns 23,750 shares in the company, valued at approximately $118,512.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC boosted its stake in inTEST by 16.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 477,099 shares of the semiconductor company’s stock valued at $1,608,000 after buying an additional 66,311 shares in the last quarter. HighTower Advisors LLC boosted its stake in inTEST by 51.6% in the first quarter. HighTower Advisors LLC now owns 93,430 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 31,812 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in inTEST in the second quarter valued at about $35,000.
INTT traded down $0.07 during trading hours on Friday, reaching $4.50. The company’s stock had a trading volume of 4,135 shares, compared to its average volume of 24,189. inTEST has a 52 week low of $2.08 and a 52 week high of $6.20.
inTEST (NYSEAMERICAN:INTT) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The company had revenue of $13.28 million during the quarter.
Separately, TheStreet raised inTEST from a “d+” rating to a “c” rating in a report on Tuesday, September 1st.
inTEST Company Profile
inTEST Corporation supplies precision-engineered solutions for use in manufacturing and testing in automotive, defense/aerospace, energy, industrial, semiconductor, and telecommunications markets worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).
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