iRobot Co. (NASDAQ:IRBT) Short Interest Down 17.8% in November

iRobot Co. (NASDAQ:IRBT) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 4,010,000 shares, a decline of 17.8% from the October 31st total of 4,880,000 shares. Currently, 13.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 3.9 days.

iRobot Price Performance

Shares of iRobot stock traded up $0.52 during trading on Friday, hitting $7.61. 939,969 shares of the stock traded hands, compared to its average volume of 1,788,338. The firm’s fifty day moving average is $7.88 and its 200-day moving average is $8.66. The stock has a market cap of $232.55 million, a price-to-earnings ratio of -1.65 and a beta of 0.86. iRobot has a 52 week low of $5.83 and a 52 week high of $39.99. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The business had revenue of $193.40 million during the quarter, compared to the consensus estimate of $218.41 million. During the same period in the previous year, the firm posted ($3.09) earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts expect that iRobot will post -5.74 EPS for the current fiscal year.

Institutional Trading of iRobot

A number of institutional investors have recently made changes to their positions in IRBT. CWM LLC increased its stake in shares of iRobot by 474.6% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after buying an additional 2,278 shares during the period. nVerses Capital LLC bought a new stake in iRobot in the 3rd quarter worth $39,000. Nisa Investment Advisors LLC increased its position in shares of iRobot by 1,167.8% in 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. purchased a new position in shares of iRobot in the second quarter valued at about $61,000. Finally, Sunbelt Securities Inc. raised its stake 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 valued at $69,000 after acquiring an additional 3,175 shares during the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IRBT shares. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, November 7th.

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.