Vicor Corp (VICR) Short Interest Up 109.5% in October

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.



Several institutional investors and hedge funds have recently made changes to their positions in VICR. Schwab Charles Investment Management Inc. increased its position in shares of Vicor by 15.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 36,690 shares of the electronics maker’s stock valued at $1,048,000 after buying an additional 4,800 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vicor by 677.5% during the first quarter. JPMorgan Chase & Co. now owns 31,939 shares of the electronics maker’s stock valued at $911,000 after buying an additional 27,831 shares during the period. New York State Common Retirement Fund increased its position in shares of Vicor by 24.6% during the first quarter. New York State Common Retirement Fund now owns 20,800 shares of the electronics maker’s stock valued at $594,000 after buying an additional 4,100 shares during the period. Principal Financial Group Inc. increased its position in shares of Vicor by 2.4% during the first quarter. Principal Financial Group Inc. now owns 124,728 shares of the electronics maker’s stock valued at $3,561,000 after buying an additional 2,959 shares during the period. Finally, A.R.T. Advisors LLC bought a new stake in shares of Vicor during the first quarter valued at about $227,000. Hedge funds and other institutional investors own 25.72% of the company’s stock.

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.

About Vicor

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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