Vishay Intertechnology, Inc. (NYSE:VSH) Short Interest Down 26.0% in March

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 11,980,000 shares, a drop of 26.0% from the March 15th total of 16,190,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 9.8% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Vishay Intertechnology from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.

Insider Activity

In other news, Chairman Marc Zandman sold 27,176 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.32% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Live Oak Private Wealth LLC lifted its holdings in shares of Vishay Intertechnology by 30.9% during the 1st quarter. Live Oak Private Wealth LLC now owns 287,852 shares of the semiconductor company's stock valued at $4,577,000 after buying an additional 67,883 shares during the period. QRG Capital Management Inc. increased its position in Vishay Intertechnology by 79.3% during the first quarter. QRG Capital Management Inc. now owns 25,399 shares of the semiconductor company's stock valued at $404,000 after acquiring an additional 11,236 shares during the last quarter. Sowell Financial Services LLC bought a new position in Vishay Intertechnology in the first quarter valued at about $177,000. SG Americas Securities LLC boosted its position in Vishay Intertechnology by 300.4% in the first quarter. SG Americas Securities LLC now owns 75,806 shares of the semiconductor company's stock worth $1,205,000 after purchasing an additional 56,875 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Vishay Intertechnology by 602.1% during the 1st quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 2,312 shares during the period. Institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Stock Performance

NYSE:VSH traded up $0.58 during mid-day trading on Wednesday, reaching $11.76. The company's stock had a trading volume of 3,219,456 shares, compared to its average volume of 1,739,354. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.59 billion, a P/E ratio of -48.98 and a beta of 1.06. The firm's fifty day moving average price is $15.34 and its two-hundred day moving average price is $16.63. Vishay Intertechnology has a 12-month low of $10.35 and a 12-month high of $24.69.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 3.40%. Vishay Intertechnology's payout ratio is -166.67%.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.