ADT Inc. (NYSE:ADT) Short Interest Up 33.1% in January

ADT Inc. (NYSE:ADT) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 21,650,000 shares, an increase of 33.1% from the December 31st total of 16,260,000 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average trading volume of 6,670,000 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

ADT has been the topic of several recent research reports. Morgan Stanley lifted their target price on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares in the last quarter. State Street Corp raised its position in shares of ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock worth $48,060,000 after acquiring an additional 457,918 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after acquiring an additional 1,543,677 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ADT by 12.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock worth $33,615,000 after acquiring an additional 518,515 shares in the last quarter. Finally, FMR LLC increased its position in ADT by 1.4% in the 3rd quarter. FMR LLC now owns 2,003,325 shares of the security and automation business’s stock valued at $14,484,000 after buying an additional 27,711 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Trading Up 2.3 %

Shares of ADT stock traded up $0.18 during mid-day trading on Thursday, hitting $7.78. The company’s stock had a trading volume of 5,480,306 shares, compared to its average volume of 5,092,287. The company’s fifty day simple moving average is $7.24 and its 200-day simple moving average is $7.29. ADT has a 52 week low of $6.10 and a 52 week high of $8.25. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market cap of $7.05 billion, a PE ratio of 8.45 and a beta of 1.51.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.