Short Interest in KVH Industries, Inc. (NASDAQ:KVHI) Drops By 5.6%

KVH Industries, Inc. (NASDAQ:KVHI – Get Rating) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 63,600 shares, a decrease of 5.6% from the February 13th total of 67,400 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KVHI. StockNews.com began coverage on KVH Industries in a research note on Thursday. They set a “buy” rating for the company. Needham & Company LLC upped their price target on KVH Industries from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. TheStreet raised KVH Industries from a “d+” rating to a “c” rating in a report on Tuesday, December 6th. Finally, Raymond James cut KVH Industries from a “strong-buy” rating to a “market perform” rating in a report on Thursday, December 8th.

Hedge Funds Weigh In On KVH Industries

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of KVH Industries by 66.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,017 shares of the communications equipment provider’s stock worth $74,000 after buying an additional 3,201 shares in the last quarter. Man Group plc acquired a new position in shares of KVH Industries in the 4th quarter worth approximately $110,000. Price T Rowe Associates Inc. MD acquired a new position in shares of KVH Industries in the 2nd quarter worth approximately $134,000. Raymond James & Associates acquired a new stake in KVH Industries during the 4th quarter valued at $160,000. Finally, 683 Capital Management LLC acquired a new stake in KVH Industries during the 4th quarter valued at $170,000. 64.19% of the stock is owned by institutional investors and hedge funds.

KVH Industries Stock Up 1.8 %

KVH Industries stock opened at $9.96 on Friday. KVH Industries has a 12 month low of $6.89 and a 12 month high of $11.88. The business has a 50 day moving average price of $10.10 and a two-hundred day moving average price of $10.03. The stock has a market cap of $191.03 million, a price-to-earnings ratio of 9.67 and a beta of 0.56.

About KVH Industries

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KVH Industries, Inc engages in the provision of internet, television and voice services via satellite to mobile users at sea and on land. It operates through the Mobile Connectivity and Inertial Navigation segments. The Mobile Connectivity segment consists of satellite television and internet solutions and media and content delivery solutions.