inTEST Co. (NYSEAMERICAN:INTT) Sees Significant Decline in Short Interest

inTEST Co. (NYSEAMERICAN:INTTGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 116,800 shares, a decrease of 16.9% from the March 31st total of 140,500 shares. Based on an average daily trading volume, of 78,700 shares, the short-interest ratio is presently 1.5 days. Currently, 1.1% of the shares of the company are short sold.

Shares of inTEST stock opened at $8.02 on Wednesday. The stock has a market cap of $87.88 million, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.91. inTEST has a one year low of $7.52 and a one year high of $18.00.

inTEST (NYSEAMERICAN:INTTGet Rating) last released its quarterly earnings data on Friday, March 4th. The semiconductor company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $22.36 million during the quarter. inTEST had a net margin of 8.55% and a return on equity of 15.85%. On average, research analysts forecast that inTEST will post 1.17 earnings per share for the current year.

Several analysts recently issued reports on the company. TheStreet downgraded inTEST from a “b-” rating to a “c” rating in a research note on Friday, March 4th. Zacks Investment Research cut inTEST from a “buy” rating to a “hold” rating in a report on Tuesday, March 8th.

Hedge funds have recently made changes to their positions in the business. Chartwell Investment Partners LLC bought a new position in shares of inTEST in the third quarter worth $418,000. Two Sigma Advisers LP boosted its holdings in inTEST by 173.3% during the 3rd quarter. Two Sigma Advisers LP now owns 115,600 shares of the semiconductor company’s stock valued at $1,327,000 after acquiring an additional 73,300 shares during the period. Denali Advisors LLC bought a new position in shares of inTEST in the fourth quarter worth approximately $53,000. Dimensional Fund Advisors LP increased its position in shares of inTEST by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 558,370 shares of the semiconductor company’s stock valued at $6,410,000 after acquiring an additional 2,799 shares during the period. Finally, Marshall Wace LLP increased its holdings in inTEST by 68.9% during the 3rd quarter. Marshall Wace LLP now owns 88,123 shares of the semiconductor company’s stock valued at $1,012,000 after purchasing an additional 35,938 shares during the period. 48.47% of the stock is currently owned by institutional investors and hedge funds.

About inTEST (Get Rating)

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).

Featured Articles

Receive News & Ratings for inTEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for inTEST and related companies with MarketBeat.com's FREE daily email newsletter.