iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 4,770,000 shares, a decrease of 11.2% from the September 30th total of 5,370,000 shares. Based on an average daily trading volume, of 946,900 shares, the short-interest ratio is presently 5.0 days. Approximately 16.7% of the company’s stock are short sold.

iRobot Trading Up 0.7 %

IRBT traded up $0.06 during midday trading on Thursday, hitting $8.73. The company’s stock had a trading volume of 817,662 shares, compared to its average volume of 1,799,333. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $8.84. The firm has a market cap of $263.92 million, a P/E ratio of -1.20 and a beta of 0.85.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The firm had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. During the same period in the previous year, the firm posted ($1.73) earnings per share. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. On average, research analysts anticipate that iRobot will post -4.43 earnings per share for the current year.

Wall Street Analyst Weigh In

IRBT has been the topic of several research reports. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a report on Sunday. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, August 8th.

Hedge Funds Weigh In On iRobot

Hedge funds have recently bought and sold shares of the company. CWM LLC grew its holdings in shares of iRobot by 474.6% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 2,278 shares during the last quarter. nVerses Capital LLC bought a new stake in iRobot in the third quarter valued at $39,000. Nisa Investment Advisors LLC boosted its holdings in shares of iRobot by 1,167.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 4,286 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of iRobot during the second quarter worth about $61,000. Finally, Sunbelt Securities Inc. grew its position in shares of iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,175 shares during the last quarter. 77.42% of the stock is currently owned by institutional investors and hedge funds.

iRobot Company Profile

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.