KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Up 7.5% in March

KVH Industries, Inc. (NASDAQ:KVHI) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 668,100 shares, an increase of 7.5% from the March 15th total of 621,300 shares. Currently, 5.0% of the shares of the stock are sold short. Based on an average daily volume of 86,700 shares, the short-interest ratio is currently 7.7 days.

KVH Industries Trading Down 2.0 %

NASDAQ:KVHI opened at $5.26 on Tuesday. KVH Industries has a twelve month low of $4.30 and a twelve month high of $11.62. The company has a 50-day moving average of $4.92 and a 200-day moving average of $4.93. The firm has a market cap of $103.34 million, a price-to-earnings ratio of -6.58 and a beta of 0.64.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Friday, March 15th. The communications equipment provider reported ($0.16) EPS for the quarter. KVH Industries had a negative net margin of 11.69% and a negative return on equity of 0.15%. The firm had revenue of $31.46 million for the quarter.

Institutional Trading of KVH Industries

A number of hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC lifted its stake in KVH Industries by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 1,857,850 shares of the communications equipment provider’s stock valued at $18,987,000 after buying an additional 27,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in KVH Industries by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,099,043 shares of the communications equipment provider’s stock valued at $10,045,000 after buying an additional 40,141 shares in the last quarter. BlackRock Inc. lifted its stake in KVH Industries by 179.4% during the second quarter. BlackRock Inc. now owns 1,008,152 shares of the communications equipment provider’s stock valued at $9,215,000 after buying an additional 647,375 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KVH Industries by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 956,586 shares of the communications equipment provider’s stock worth $5,032,000 after purchasing an additional 8,193 shares in the last quarter. Finally, Potomac Capital Management Inc. lifted its position in shares of KVH Industries by 6.3% in the first quarter. Potomac Capital Management Inc. now owns 725,200 shares of the communications equipment provider’s stock worth $8,253,000 after purchasing an additional 42,700 shares in the last quarter. 73.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KVH Industries from a “hold” rating to a “sell” rating in a research report on Saturday.

About KVH Industries

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.