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

Intevac, Inc. (NASDAQ:IVAC) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 117,100 shares, a decline of 16.7% from the January 31st total of 140,600 shares. Based on an average daily volume of 282,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Intevac

Several institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its position in shares of Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after buying an additional 7,180 shares during the last quarter. XTX Topco Ltd acquired a new position in Intevac in the third quarter valued at approximately $49,000. Boothbay Fund Management LLC grew its holdings in shares of Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 worth $135,000 after purchasing an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC raised 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 worth $225,000 after purchasing an additional 14,888 shares during the period. Institutional investors own 60.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IVAC. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com initiated coverage on shares of Intevac in a research report on Wednesday. They issued a “sell” rating for the company.

Intevac Price Performance

Shares of NASDAQ:IVAC traded down $0.02 during midday trading on Friday, reaching $4.02. The company had a trading volume of 103,757 shares, compared to its average volume of 393,215. The stock has a market capitalization of $109.08 million, a P/E ratio of -12.17 and a beta of 0.65. Intevac has a one year low of $2.46 and a one year high of $4.42. The stock’s fifty day moving average price is $3.65 and its 200-day moving average price is $3.39.

Intevac Announces Dividend

The company also recently declared a — dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. 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.