iRobot Co. (NASDAQ:IRBT – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,040,000 shares, an increase of 12.2% from the January 15th total of 3,600,000 shares. Approximately 14.1% of the shares of the stock are short sold. Based on an average daily volume of 1,800,000 shares, the short-interest ratio is presently 2.2 days.
Hedge Funds Weigh In On iRobot
Several institutional investors and hedge funds have recently modified their holdings of IRBT. nVerses Capital LLC acquired a new position in shares of iRobot in the third quarter valued at about $39,000. Private Advisor Group LLC grew its stake in iRobot by 234.2% during the third quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock worth $640,000 after buying an additional 51,575 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in iRobot by 96.6% during the third quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company’s stock worth $106,000 after buying an additional 5,970 shares in the last quarter. KG&L Capital Management LLC acquired a new stake in iRobot during the third quarter worth about $109,000. Finally, Olympiad Research LP acquired a new stake in iRobot during the third quarter worth about $89,000. 77.42% of the stock is currently owned by institutional investors and hedge funds.
iRobot Stock Up 1.6 %
Shares of IRBT stock traded up $0.15 during trading on Monday, reaching $9.49. The company’s stock had a trading volume of 2,645,116 shares, compared to its average volume of 1,855,786. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average price of $8.61 and a 200-day moving average price of $8.10. iRobot has a one year low of $5.83 and a one year high of $14.51. The company has a market cap of $290.01 million, a price-to-earnings ratio of -2.06 and a beta of 0.80.
Analysts Set New Price Targets
Read Our Latest Stock Report on IRBT
About iRobot
iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.
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