Short Interest in Vicor Co. (NASDAQ:VICR) Decreases By 17.3%

Vicor Co. (NASDAQ:VICR) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,430,000 shares, a decline of 17.3% from the December 31st total of 1,730,000 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 259,100 shares, the short-interest ratio is presently 5.5 days.

Vicor Price Performance

Shares of VICR stock traded up $0.44 on Friday, hitting $51.14. The stock had a trading volume of 203,670 shares, compared to its average volume of 216,652. The company’s 50 day moving average price is $52.15 and its 200-day moving average price is $45.50. Vicor has a 1 year low of $30.90 and a 1 year high of $62.00. The firm has a market capitalization of $2.31 billion, a P/E ratio of 106.54 and a beta of 1.50.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Craig Hallum boosted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,856 shares of company stock worth $837,413 in the last ninety days. Insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Vicor in the third quarter worth $42,000. GAMMA Investing LLC grew its stake in Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. Point72 DIFC Ltd raised its position in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Finally, CWM LLC grew its position in shares of Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after buying an additional 1,584 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.