Short Interest in OSI Systems, Inc. (NASDAQ:OSIS) Increases By 8.2%

OSI Systems, Inc. (NASDAQ:OSIS) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,590,000 shares, a growth of 8.2% from the December 15th total of 1,470,000 shares. Currently, 9.3% of the company’s stock are sold short. Based on an average trading volume of 120,300 shares, the short-interest ratio is presently 13.2 days.

In other news, EVP Ajay Mehra sold 45,259 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $96.06, for a total value of $4,347,579.54. Following the transaction, the executive vice president now owns 144,792 shares of the company’s stock, valued at $13,908,719.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven C. Good sold 1,867 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $100.53, for a total transaction of $187,689.51. Following the sale, the director now directly owns 15,784 shares in the company, valued at approximately $1,586,765.52. The disclosure for this sale can be found here. Insiders sold a total of 81,341 shares of company stock worth $7,835,505 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alpha Windward LLC purchased a new position in shares of OSI Systems in the 4th quarter worth $496,000. Resources Management Corp CT ADV purchased a new position in shares of OSI Systems in the 3rd quarter worth approximately $270,000. Metropolitan Life Insurance Co NY grew its position in shares of OSI Systems by 2.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,341 shares of the technology company’s stock worth $542,000 after buying an additional 105 shares during the last quarter. Millennium Management LLC purchased a new stake in OSI Systems during the 3rd quarter worth approximately $16,198,000. Finally, Man Group plc grew its position in OSI Systems by 181.3% during the 3rd quarter. Man Group plc now owns 77,240 shares of the technology company’s stock worth $7,844,000 after purchasing an additional 49,785 shares during the last quarter. 96.99% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on OSIS shares. BidaskClub lowered shares of OSI Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 9th. ValuEngine downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, December 26th. Finally, B. Riley set a $119.00 price target on OSI Systems and gave the company a “buy” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. OSI Systems has a consensus rating of “Hold” and a consensus price target of $119.33.

OSI Systems stock traded down $0.59 during trading hours on Friday, reaching $100.20. 11,021 shares of the company’s stock were exchanged, compared to its average volume of 96,762. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $100.71 and its 200 day simple moving average is $103.46. The firm has a market capitalization of $1.85 billion, a PE ratio of 23.19, a PEG ratio of 1.71 and a beta of 0.81. OSI Systems has a twelve month low of $73.06 and a twelve month high of $117.21.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. OSI Systems had a net margin of 6.31% and a return on equity of 15.64%. The company had revenue of $290.90 million during the quarter, compared to the consensus estimate of $281.26 million. During the same period in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that OSI Systems will post 4.72 EPS for the current year.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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