inTEST Co. (NYSEAMERICAN:INTT) Short Interest Down 43.4% in November

inTEST Co. (NYSEAMERICAN:INTT) was the recipient of a large decrease in short interest during the month of November. As of November 29th, there was short interest totalling 6,400 shares, a decrease of 43.4% from the November 14th total of 11,300 shares. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

INTT stock traded down $0.03 during mid-day trading on Wednesday, reaching $5.94. The company’s stock had a trading volume of 16,200 shares, compared to its average volume of 31,771. inTEST has a fifty-two week low of $4.10 and a fifty-two week high of $7.88.

inTEST (NYSEAMERICAN:INTT) last issued its earnings results on Friday, November 8th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $14.63 million for the quarter.

A number of institutional investors have recently made changes to their positions in INTT. BlackRock Inc. raised its stake in inTEST by 0.7% during the second quarter. BlackRock Inc. now owns 569,763 shares of the semiconductor company’s stock worth $2,740,000 after purchasing an additional 4,175 shares during the period. Alambic Investment Management L.P. lifted its holdings in inTEST by 33.0% in the second quarter. Alambic Investment Management L.P. now owns 47,954 shares of the semiconductor company’s stock valued at $231,000 after acquiring an additional 11,900 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in inTEST by 12.7% in the second quarter. Acadian Asset Management LLC now owns 91,960 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 10,380 shares during the last quarter. GSA Capital Partners LLP purchased a new position in inTEST in the second quarter worth approximately $66,000. Finally, Wedge Capital Management L L P NC grew its position in inTEST by 14.7% in the second quarter. Wedge Capital Management L L P NC now owns 209,737 shares of the semiconductor company’s stock worth $1,009,000 after acquiring an additional 26,914 shares during the period.

Separately, Zacks Investment Research cut shares of inTEST from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

inTEST Company Profile

inTEST Corporation designs, manufactures, and markets thermal management products and semiconductor automated test equipment interface solutions worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, Thermonics temperature conditioning products, and EKOHEAT and EASYHEAT induction heating systems.

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