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

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

Resideo Technologies Stock Performance

REZI traded down $0.65 on Monday, reaching $21.88. The company had a trading volume of 848,988 shares, compared to its average volume of 673,095. Resideo Technologies has a fifty-two week low of $16.53 and a fifty-two week high of $28.28. The stock has a market cap of $3.22 billion, a P/E ratio of 19.71 and a beta of 2.17. The company’s fifty day moving average is $24.36 and its 200 day moving average is $22.03. 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 (NYSE:REZI) last announced its earnings results on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Resideo Technologies had a net margin of 2.72% and a return on equity of 10.97%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $0.41 EPS. As a group, analysts predict that Resideo Technologies will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in Resideo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after purchasing an additional 159,069 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Resideo Technologies in the 4th quarter worth $122,145,000. Geode Capital Management LLC increased its holdings in shares of Resideo Technologies by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after buying an additional 26,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Resideo Technologies by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock worth $31,134,000 after buying an additional 54,508 shares during the last quarter. Finally, Beaconlight Capital LLC grew its holdings in shares of Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after purchasing an additional 428,669 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

About Resideo Technologies

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.