Is Buying Intevac Inc (NASDAQ:IVAC), Having Higher Short Interest a Winning Strategy?

Intevac, Inc. (NASDAQ:IVAC) Logo

Investors sentiment decreased to 1.14 in 2019 Q2. Its down 1.09, from 2.23 in 2019Q1. It worsened, as 9 investors sold Intevac, Inc. shares while 12 reduced holdings. 10 funds opened positions while 14 raised stakes. 14.54 million shares or 0.93% more from 14.40 million shares in 2019Q1 were reported.
Northern has invested 0% in Intevac, Inc. (NASDAQ:IVAC). California Public Employees Retirement Sys accumulated 16,200 shares or 0% of the stock. Morgan Stanley reported 22,701 shares. Blair William Communications Il reported 10,000 shares. River & Mercantile Asset Ltd Liability Partnership holds 366,169 shares. Needham Investment Management Limited Co reported 0.32% stake. Menta Capital Ltd Liability Company reported 12,607 shares stake. Hillsdale has 0.06% invested in Intevac, Inc. (NASDAQ:IVAC). Wells Fargo & Mn stated it has 0% of its portfolio in Intevac, Inc. (NASDAQ:IVAC). Neuberger Berman Ltd invested in 28,400 shares or 0% of the stock. King Luther Cap Mgmt Corporation holds 80,000 shares or 0% of its portfolio. Price T Rowe Assocs Md holds 19,500 shares or 0% of its portfolio. The New York-based Jpmorgan Chase & has invested 0% in Intevac, Inc. (NASDAQ:IVAC). Qs holds 62,605 shares. Aimz Inv Limited Liability Company stated it has 21,882 shares.

Since May 2, 2019, it had 2 insider buys, and 0 sales for $103,300 activity. 10,000 shares were bought by DURY DAVID S, worth $50,900 on Thursday, May 2.

The stock of Intevac Inc (NASDAQ:IVAC) registered an increase of 10.01% in short interest. IVAC’s total short interest was 195,700 shares in October as published by FINRA. Its up 10.01% from 177,900 shares, reported previously. With 48,600 shares average volume, it will take short sellers 4 days to cover their IVAC’s short positions.

The stock increased 1.31% or $0.07 during the last trading session, reaching $5.01. About 13,584 shares traded. Intevac, Inc. (NASDAQ:IVAC) has risen 14.22% since October 12, 2018 and is uptrending. It has outperformed by 14.22% the S&P500.

Intevac, Inc. provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, and Europe. The company has market cap of $115.34 million. It operates through two divisions, Thin-film Equipment and Photonics. It has a 21.8 P/E ratio. The Thin-film Equipment segment designs, makes, markets, and services disk sputtering systems, etch and deposition systems, and disk lubrication systems; and offers upgrades, and spares and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation service support services.

More notable recent Intevac, Inc. (NASDAQ:IVAC) news were published by: Businesswire.com which released: “Intevac Receives Record $40 Million Digital Night Vision Contract Award – Business Wire” on July 18, 2019, also Businesswire.com with their article: “Intevac Announces Retirement of Chairman Norman H. Pond – Business Wire” published on August 21, 2017, Finance.Yahoo.com published: “Long-Term Support Level May Struggle to Revive Bitcoin Price Rally – Yahoo Finance” on June 04, 2019. More interesting news about Intevac, Inc. (NASDAQ:IVAC) were released by: Finance.Yahoo.com and their article: “Chipotle Mexican Grill, Gap, Intevac, Adesto Technologies and Digital Turbine highlighted as Zacks Bull and Bear of the Day – Yahoo Finance” published on July 05, 2019 as well as Marketwatch.com‘s news article titled: “Hidden tech gems to invest in now, picked by a mutual-fund manager with a great track record – MarketWatch” with publication date: September 21, 2019.

Intevac, Inc. (NASDAQ:IVAC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.