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

KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 57,000 shares, an increase of 69.6% from the May 15th total of 33,600 shares. Based on an average daily volume of 32,500 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock worth $176,000 after acquiring an additional 19,026 shares during the period. Mink Brook Asset Management LLC purchased a new position in KVH Industries in the 1st quarter worth about $441,000. Systematic Financial Management LP increased its stake in KVH Industries by 1.4% in the 1st quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider's stock worth $6,338,000 after purchasing an additional 16,471 shares in the last quarter. Squarepoint Ops LLC purchased a new position in KVH Industries in the 4th quarter worth about $154,000. Finally, Black Diamond Capital Management L.L.C. increased its stake in KVH Industries by 0.8% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider's stock worth $19,289,000 after purchasing an additional 26,656 shares in the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Price Performance

Shares of NASDAQ KVHI traded down $0.09 during midday trading on Friday, reaching $5.32. 10,353 shares of the company traded hands, compared to its average volume of 53,012. KVH Industries has a 52 week low of $4.17 and a 52 week high of $6.16. The stock has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.46. The company has a market cap of $104.27 million, a price-to-earnings ratio of -5.48 and a beta of 0.80.

KVH Industries (NASDAQ:KVHI - Get Free Report) last released its earnings results on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.05). The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $28.39 million. KVH Industries had a negative return on equity of 3.96% and a negative net margin of 15.99%.

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.

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