Vicor Corp (VICR) Short Interest Up 52.7% in September
Vicor Corp (NASDAQ:VICR) was the target of a significant growth in short interest in September. As of September 28th, there was short interest totalling 1,296,484 shares, a growth of 52.7% from the September 14th total of 849,249 shares. Based on an average daily trading volume, of 473,824 shares, the days-to-cover ratio is presently 2.7 days. Approximately 7.3% of the shares of the stock are sold short.
Shares of VICR opened at $36.96 on Friday. Vicor has a one year low of $16.30 and a one year high of $64.50. The company has a market cap of $1.84 billion, a P/E ratio of 148.39 and a beta of 1.05.
Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 24th. The electronics maker reported $0.19 EPS for the quarter. Vicor had a return on equity of 8.70% and a net margin of 5.25%. The firm had revenue of $74.20 million during the quarter.
In other news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $61.78, for a total value of $494,240.00. Following the completion of the sale, the director now directly owns 319,079 shares in the company, valued at $19,712,700.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard J. Nagel, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $58.49, for a total value of $731,125.00. Following the completion of the sale, the chief accounting officer now owns 3,500 shares of the company’s stock, valued at $204,715. The disclosure for this sale can be found here. Insiders sold 40,396 shares of company stock valued at $2,426,604 over the last 90 days. Company insiders own 37.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VICR. Piedmont Investment Advisors LLC purchased a new stake in shares of Vicor during the second quarter worth approximately $167,000. Jane Street Group LLC purchased a new stake in shares of Vicor during the second quarter worth approximately $202,000. Thompson Davis & CO. Inc. increased its position in shares of Vicor by 925.0% during the second quarter. Thompson Davis & CO. Inc. now owns 5,125 shares of the electronics maker’s stock worth $223,000 after purchasing an additional 4,625 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Vicor during the first quarter worth approximately $227,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Vicor by 1,286.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,072 shares of the electronics maker’s stock worth $264,000 after purchasing an additional 5,634 shares in the last quarter. Hedge funds and other institutional investors own 25.72% of the company’s stock.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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