Short Interest in Resideo Technologies, Inc. (NYSE:REZI) Declines By 18.5%

Resideo Technologies, Inc. (NYSE:REZI) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 3,040,000 shares, a drop of 18.5% from the December 31st total of 3,730,000 shares. Based on an average daily trading volume, of 964,700 shares, the days-to-cover ratio is currently 3.2 days.

Resideo Technologies Stock Down 2.9 %

Shares of NYSE:REZI traded down $0.65 during mid-day trading on Monday, hitting $21.88. 848,988 shares of the company traded hands, compared to its average volume of 673,095. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies has a 52-week low of $16.53 and a 52-week high of $28.28. The firm’s 50 day simple moving average is $24.36 and its 200 day simple moving average is $22.03. The firm has a market cap of $3.22 billion, a P/E ratio of 19.71 and a beta of 2.17.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Resideo Technologies had a return on equity of 10.97% and a net margin of 2.72%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities analysts anticipate that Resideo Technologies will post 1.96 EPS for the current year.

Insider Activity

In other news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total value of $2,585,366.64. Following the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of REZI. R Squared Ltd bought a new position in Resideo Technologies during the 4th quarter valued at about $30,000. International Assets Investment Management LLC lifted its position in shares of Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after purchasing an additional 2,019 shares in the last quarter. Blue Trust Inc. increased its holdings in Resideo Technologies by 55.0% during the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after buying an additional 892 shares during the last quarter. Quarry LP increased its holdings in shares of Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after purchasing an additional 1,283 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Resideo Technologies by 105.5% in the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company’s stock valued at $66,000 after acquiring an additional 1,679 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.