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

ADT Inc. (NYSE:ADT) saw a significant increase in short interest in the month of 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. Based on an average daily volume of 6,670,000 shares, the short-interest ratio is presently 3.2 days. Currently, 4.5% of the shares of the company are short sold.

ADT Price Performance

Shares of ADT stock traded up $0.18 during trading hours on Thursday, reaching $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 firm’s 50 day simple moving average is $7.24 and its 200-day simple moving average is $7.29. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 8.45 and a beta of 1.51. ADT has a fifty-two week low of $6.10 and a fifty-two week high of $8.25. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Wednesday. Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th.

Institutional Investors Weigh In On ADT

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings 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 valued at $238,906,000 after purchasing an additional 3,632,502 shares in the last quarter. State Street Corp boosted its holdings 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 valued at $48,060,000 after purchasing an additional 457,918 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $42,487,000 after purchasing an additional 1,543,677 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ADT by 12.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after acquiring an additional 518,515 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of ADT by 1.4% during 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 acquiring an additional 27,711 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About ADT

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.