BRP Inc. (NASDAQ:DOOO) Short Interest Up 10.8% in December

BRP Inc. (NASDAQ:DOOO) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,060,000 shares, a growth of 10.8% from the December 15th total of 1,860,000 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average trading volume of 145,700 shares, the short-interest ratio is currently 14.1 days.

BRP Price Performance

DOOO stock traded down $1.59 on Monday, reaching $51.99. 80,146 shares of the company’s stock were exchanged, compared to its average volume of 101,938. The stock has a fifty day moving average of $50.40 and a 200-day moving average of $58.34. BRP has a twelve month low of $46.85 and a twelve month high of $75.59. The firm has a market cap of $3.80 billion, a PE ratio of 27.65 and a beta of 2.02. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.1485 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.14%. BRP’s payout ratio is 30.85%.

Institutional Trading of BRP

A number of institutional investors have recently bought and sold shares of DOOO. Addenda Capital Inc. lifted its position in shares of BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after acquiring an additional 1,265 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of BRP by 41.5% in the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after acquiring an additional 214,626 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BRP by 8.3% in the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after acquiring an additional 15,892 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of BRP in the third quarter valued at $178,000. Finally, Systematic Financial Management LP lifted its position in shares of BRP by 3.0% in the third quarter. Systematic Financial Management LP now owns 192,084 shares of the company’s stock valued at $11,437,000 after acquiring an additional 5,562 shares in the last quarter.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.