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

Key Points

• Short interest in KVH Industries decreased by 39.7% in August, with a total of 41,300 shares sold short, representing approximately 0.4% of the company's shares.
• Several hedge funds have increased their holdings, with First Eagle Investment Management LLC raising its position by 77.1% during the second quarter.
• KVH Industries' stock has a market capitalization of $115.64 million and is currently trading at $5.93, with a 12-month range between $4.35 and $6.16.

KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totaling 41,300 shares, a drop of 39.7% from the July 31st total of 68,500 shares. Based on an average daily trading volume, of 24,200 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 24,200 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On KVH Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of KVH Industries in the 4th quarter valued at about $154,000. Jane Street Group LLC increased its stake in KVH Industries by 134.0% in the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock valued at $176,000 after acquiring an additional 19,026 shares during the last quarter. Hsbc Holdings PLC increased its stake in KVH Industries by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider's stock valued at $226,000 after acquiring an additional 1,796 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock valued at $367,000 after buying an additional 2,222 shares in the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in KVH Industries in the first quarter valued at approximately $441,000. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Price Performance

Shares of NASDAQ:KVHI traded up $0.08 during trading on Thursday, reaching $5.94. The stock had a trading volume of 14,449 shares, compared to its average volume of 29,161. The business's 50-day moving average price is $5.45 and its 200 day moving average price is $5.31. KVH Industries has a 52 week low of $4.35 and a 52 week high of $6.37. The stock has a market capitalization of $115.83 million, a PE ratio of -18.56 and a beta of 0.81.

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.