Short Interest in KVH Industries, Inc. (NASDAQ:KVHI) Rises By 69.6%

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 short-interest ratio is presently 1.8 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On KVH Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Black Diamond Capital Management L.L.C. boosted its stake in KVH Industries by 0.8% in the fourth quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider's stock valued at $19,289,000 after acquiring an additional 26,656 shares during the last quarter. Systematic Financial Management LP boosted its stake in KVH Industries by 1.4% in the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider's stock valued at $6,338,000 after acquiring an additional 16,471 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in KVH Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider's stock valued at $4,791,000 after acquiring an additional 18,448 shares during the last quarter. Renaissance Technologies LLC boosted its stake in KVH Industries by 23.8% in the fourth quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider's stock valued at $1,425,000 after acquiring an additional 48,002 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in KVH Industries by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider's stock valued at $839,000 after acquiring an additional 7,466 shares during the last quarter. 73.66% of the stock is owned by institutional investors.

KVH Industries Price Performance

Shares of KVH Industries stock remained flat at $5.43 during midday trading on Wednesday. 16,226 shares of the company were exchanged, compared to its average volume of 52,506. The firm has a market cap of $106.43 million, a P/E ratio of -11.08 and a beta of 0.80. The company's fifty day moving average is $5.14 and its two-hundred day moving average is $5.46. KVH Industries has a fifty-two week low of $4.17 and a fifty-two week high of $6.16.

KVH Industries (NASDAQ:KVHI - Get Free Report) last announced its quarterly earnings data 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). KVH Industries had a negative net margin of 8.72% and a negative return on equity of 4.47%. The business had revenue of $25.41 million during the quarter, compared to the consensus estimate of $28.39 million.

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.