inTEST Co. (NYSEAMERICAN:INTT) Short Interest Up 7.7% in February

inTEST Co. (NYSEAMERICAN:INTT – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 63,200 shares, a growth of 7.7% from the February 13th total of 58,700 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 47,300 shares, the days-to-cover ratio is currently 1.3 days.

inTEST Price Performance

NYSEAMERICAN INTT opened at $17.05 on Friday. The firm has a market capitalization of $187.89 million, a PE ratio of 33.43 and a beta of 1.92. inTEST has a 52 week low of $6.07 and a 52 week high of $17.66. The company has a quick ratio of 1.35, a current ratio of 2.13 and a debt-to-equity ratio of 0.22.

inTEST (NYSEAMERICAN:INTT – Get Rating) last posted its quarterly earnings results on Friday, March 3rd. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $32.41 million for the quarter. inTEST had a return on equity of 13.60% and a net margin of 5.15%. On average, sell-side analysts anticipate that inTEST will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of inTEST

Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Asset Management LLC acquired a new stake in shares of inTEST in the 4th quarter valued at about $547,000. State Street Corp increased its position in shares of inTEST by 8.7% in the first quarter. State Street Corp now owns 35,252 shares of the semiconductor company’s stock valued at $378,000 after acquiring an additional 2,810 shares during the last quarter. Morgan Stanley increased its position in shares of inTEST by 11.2% in the fourth quarter. Morgan Stanley now owns 22,119 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 2,220 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of inTEST in the fourth quarter valued at about $188,000. Finally, Engineers Gate Manager LP increased its position in shares of inTEST by 21.1% in the first quarter. Engineers Gate Manager LP now owns 17,418 shares of the semiconductor company’s stock valued at $187,000 after acquiring an additional 3,030 shares during the last quarter. Institutional investors and hedge funds own 48.87% of the company’s stock.

Analysts Set New Price Targets

INTT has been the subject of a number of recent research reports. Northland Securities initiated coverage on inTEST in a report on Monday, November 21st. They issued an “outperform” rating and a $20.00 target price for the company. Lake Street Capital increased their target price on inTEST from $16.00 to $19.00 in a report on Friday, February 17th. Finally, EF Hutton Acquisition Co. I assumed coverage on inTEST in a report on Wednesday, March 8th. They issued a “buy” rating and a $22.00 target price for the company.

About inTEST

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inTEST Corp. engages in the supply of precision-engineered solutions for manufacturing and testing across a wide range of markets including automotive, defense, aerospace, electronics, fiber optic, machining, medical, telecom, and semiconductor. It operates through the Thermal Products and Electromechanical Semiconductor Products (EMS) business segments.