iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 4,770,000 shares, a decrease of 11.2% from the September 30th total of 5,370,000 shares. Approximately 16.7% of the shares of the stock are short sold. Based on an average trading volume of 946,900 shares, the days-to-cover ratio is currently 5.0 days.

Analyst Upgrades and Downgrades

IRBT has been the subject of several research reports. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research note on Thursday, August 8th.

iRobot Stock Up 0.7 %

IRBT traded up $0.06 during trading hours on Thursday, reaching $8.73. 817,662 shares of the stock traded hands, compared to its average volume of 1,799,333. iRobot has a fifty-two week low of $5.83 and a fifty-two week high of $42.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.08. The company has a market cap of $263.92 million, a price-to-earnings ratio of -1.20 and a beta of 0.85. The firm’s fifty day simple moving average is $7.76 and its two-hundred day simple moving average is $8.84.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.19). The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.73) EPS. As a group, analysts forecast that iRobot will post -4.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On iRobot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of iRobot by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,986,963 shares of the industrial products company’s stock valued at $115,595,000 after purchasing an additional 34,042 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in iRobot during the 1st quarter worth about $77,000. BNP Paribas Financial Markets increased its stake in shares of iRobot by 101.6% in the 1st quarter. BNP Paribas Financial Markets now owns 35,985 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 18,133 shares during the last quarter. Swiss National Bank increased its stake in shares of iRobot by 6.0% in the 1st quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of iRobot in the 1st quarter valued at about $1,277,000. Institutional investors own 77.42% of the company’s stock.

About iRobot

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.