Vicor Corp (NASDAQ:VICR) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,716,277 shares, a growth of 109.5% from the September 28th total of 1,296,484 shares. Based on an average trading volume of 484,646 shares, the short-interest ratio is presently 5.6 days. Approximately 15.2% of the shares of the company are short sold.
Separately, BidaskClub cut Vicor from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th.
In related news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $61.78, for a total value of $494,240.00. Following the sale, the director now directly owns 319,079 shares in the company, valued at approximately $19,712,700.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alex Gusinov sold 2,723 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $61.02, for a total value of $166,157.46. Following the completion of the sale, the vice president now owns 1,064 shares in the company, valued at $64,925.28. The disclosure for this sale can be found here. Insiders sold a total of 20,896 shares of company stock worth $1,285,499 over the last 90 days. 37.40% of the stock is currently owned by company insiders.
Shares of Vicor stock opened at $37.08 on Friday. Vicor has a 52-week low of $16.30 and a 52-week high of $64.50. The stock has a market capitalization of $1.51 billion, a P/E ratio of 60.05 and a beta of 1.04.
Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 16th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter. Vicor had a return on equity of 16.53% and a net margin of 9.57%. The business had revenue of $78.04 million for the quarter.
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.
Featured Story: Why do companies issue stock splits?
Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.