KVH Industries, Inc. (NASDAQ:KVHI) Sees Significant Growth in Short Interest

KVH Industries, Inc. (NASDAQ:KVHI) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 55,000 shares, a growth of 12.5% from the July 31st total of 48,900 shares. Based on an average trading volume of 106,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of KVH Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

KVH Industries Stock Performance

NASDAQ KVHI opened at $4.44 on Friday. The company has a market capitalization of $87.54 million, a P/E ratio of -4.63 and a beta of 0.61. KVH Industries has a one year low of $4.17 and a one year high of $5.75. The stock has a 50 day moving average price of $4.54 and a 200-day moving average price of $4.81.

KVH Industries (NASDAQ:KVHI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $28.67 million during the quarter. KVH Industries had a negative return on equity of 2.62% and a negative net margin of 17.88%.

Insider Buying and Selling at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 50,500 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $4.50 per share, for a total transaction of $227,250.00. Following the purchase, the insider now directly owns 2,060,000 shares of the company’s stock, valued at $9,270,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 8,153 shares of company stock worth $38,732. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On KVH Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in KVH Industries in the second quarter valued at about $30,000. American Century Companies Inc. purchased a new stake in shares of KVH Industries during the second quarter worth approximately $54,000. AQR Capital Management LLC purchased a new stake in KVH Industries in the 2nd quarter valued at $63,000. Marshall Wace LLP acquired a new position in shares of KVH Industries in the 2nd quarter valued at $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in KVH Industries during the 2nd quarter worth about $130,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.