KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Update

Key Points

• KVH Industries, Inc. experienced a 32.4% decline in short interest for August, with total short interest decreasing from 41,300 shares to 27,900 shares.
• Institutional investors now own 73.66% of KVH Industries, with notable activity including a 134.0% increase in holdings by Jane Street Group LLC.
• As of now, KVH Industries' stock trades at approximately $6.14, reflecting a market cap of $119.73 million and a P/E ratio of -19.19.

KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 27,900 shares, a decline of 32.4% from the August 15th total of 41,300 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of KVH Industries

Several institutional investors have recently added to or reduced their stakes in KVHI. Squarepoint Ops LLC bought a new stake in KVH Industries in the 4th quarter valued at $154,000. Jane Street Group LLC boosted its stake in KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock valued at $176,000 after purchasing an additional 19,026 shares during the period. Orion Porfolio Solutions LLC boosted its stake in KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock valued at $367,000 after purchasing an additional 2,222 shares during the period. Mink Brook Asset Management LLC bought a new stake in KVH Industries in the 1st quarter valued at $441,000. Finally, Northern Trust Corp boosted its stake in KVH Industries by 24.8% in the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock valued at $454,000 after purchasing an additional 15,796 shares during the period. 73.66% of the stock is currently owned by institutional investors.

KVH Industries Price Performance

KVHI traded down $0.56 during trading on Friday, hitting $5.61. The stock had a trading volume of 101,749 shares, compared to its average volume of 31,869. The company has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.32. The firm has a market cap of $109.40 million, a price-to-earnings ratio of -17.53 and a beta of 0.81. KVH Industries has a one year low of $4.35 and a one year high of $6.41.

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.