KVH Industries, Inc. (NASDAQ:KVHI) Sees Large Growth in Short Interest

KVH Industries, Inc. (NASDAQ:KVHI) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 52,700 shares, an increase of 51.4% from the September 30th total of 34,800 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,600 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 30,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.

KVH Industries Trading Down 4.2%

KVHI stock traded down $0.25 during trading on Monday, reaching $5.72. 40,412 shares of the stock were exchanged, compared to its average volume of 34,148. KVH Industries has a 1 year low of $4.35 and a 1 year high of $6.41. The firm has a market capitalization of $111.57 million, a price-to-earnings ratio of -17.88 and a beta of 0.82. The business has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.45.

Institutional Investors Weigh In On KVH Industries

A number of institutional investors have recently made changes to their positions in KVHI. Jane Street Group LLC increased its position in shares of 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 valued at $176,000 after acquiring an additional 19,026 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of 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 purchasing an additional 2,222 shares in the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of KVH Industries in the first quarter valued at approximately $441,000. First Eagle Investment Management LLC grew its holdings in shares of KVH Industries by 77.1% in the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock valued at $1,047,000 after purchasing an additional 85,509 shares in the last quarter. Finally, Peapod Lane Capital LLC grew its holdings in shares of KVH Industries by 7.7% in the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock valued at $1,930,000 after purchasing an additional 25,993 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, KVH Industries currently has an average rating of “Sell”.

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.